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Low Bitcoin and Ethereum fees may not necessarily be good news

Low Bitcoin and Ethereum fees may not necessarily be good news

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Source: Coin Telegraph

Bitcoin and Ethereum users are experiencing exceptionally low fees, but why?

Bitcoin and Ethereum users who need to move their funds around can take advantage of low fees in both ecosystems.

The average Bitcoin (BTC) transaction fee hit an eight-month low of $1.93 on June 23. Average Ethereum fees were $0.70 on June 22, comparing favorably to highs of $2.50 as recently as March.

Vitali Dervoed, CEO and co-founder of the onchain decentralized exchange Spark, told Cointelegraph:

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Author: Robert D. Knight