Bitcoin Onchain Fees Dive Below $1, Pending Transactions Drop, and Miners Experience Difficulty Reduction

Bitcoin Onchain Fees Dive Below $1, Pending Transactions Drop, and Miners Experience Difficulty Reduction

According to recent Bitcoin data, the count of pending transactions, still awaiting confirmation, has plummeted beneath the 300,000 mark, while onchain fees have seen a reduction over the past week. Starting from July 29, the average onchain fees have fallen below the $1 threshold for each transaction, and as of July 31, 2023, the average fee stands at 0.000026 BTC or $0.778 per transfer.
Bitcoin’s Reduced Onchain Fees and Falling Unconfirmed Transactions Mark the Start of the Week
On Monday, July 31, 2023, figures from bitinfocharts.com reveal that the average onchain fee on the Bitcoin blockchain has tumbled below $1 for each transaction. As it stands, the average fee on Monday measures at 0.000026 BTC or $0.778 per transaction, and the median-sized fee is 0.0000085 BTC or $0.251 per transfer.
Back on July 27, the average onchain fee stood at $1.482, and from that point, it has declined 47.5%, while median-sized transfer fees on the Bitcoin blockchain have decreased by 57.88% since

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We współpracy z: https://news.bitcoin.com/bitcoin-onchain-fees-dive-below-1-pending-transactions-drop-and-miners-experience-difficulty-reduction/

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