Bitcoin transaction fees have surged again. On Dec. 6, 2023, bitinfocharts.com reported that the average cost of a bitcoin transaction soared to $ 27.55. Presently, the average transaction fee hovers around $ 13.93, alongside a growing backlog of unconfirmed transactions, currently at 249,000 at the time of this report. Rising Backlog Drives Sharp …
During Q4 of 2023, the stablecoin supply available to invest in crypto assets was $ 3.8 billion. This is the first time the net supply of the top five stablecoins has turned positive in nearly two years. In 2023, zero-knowledge (ZK) technology became one of the most consistent talking points in the crypto space. …
Transaction fees for Bitcoin have eased, following their surge to more than $ 18 per transaction on two separate occasions last week. As of November 24, 2023, the average fee per transaction stood at roughly $ 5.89, with the median fee per transfer being $ 2.86. Bitcoin Fees Cool Down — November’s …
On Thursday, November 16, 2023, Bitcoin saw its average transaction fees peak at $ 18.69 per transfer, marking a high of 0.00051 BTC. This surge represented the second-largest increase in 2023. However, the following day saw a reduction in onchain fees. Despite this, as of 8:13 a.m. Eastern Time, there was a considerable backlog …
Over the last three weeks, the transaction costs for bitcoin (BTC) have climbed sharply, reaching a peak of $ 15 per transfer just three days ago. Similarly, the cost to transfer ethereum (ETH) has jumped significantly. In the span from October 22 to November 12, 2023, the average fee for ethereum transactions soared by …