Bitcoin Transaction Fees See Sharp Decline Since December Peak, Network Congestion Persists
On Jan. 10, 2024, the fee for high-priority transactions is set at 42 satoshis per virtual byte (sats/vB),…
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Backlog
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Bitcoin Transaction Fees Dip Amid November’s Surging Miner Revenues
Transaction fees for Bitcoin have eased, following their surge to more than $18 per transaction on two separate…
Bitcoin Transaction Fees Skyrocket, Reaching Second Highest Point of 2023 Amidst Backlog Woes
On Thursday, November 16, 2023, Bitcoin saw its average transaction fees peak at $18.69 per transfer, marking a…
Bitcoin Fees Climb 150% in 3 Days as Block Space Grows More Expensive
Transaction fees within the Bitcoin network have surged considerably, eclipsing the figures recorded merely three days prior. A…
Bitcoin’s Transaction Backlog Swells With Latest Inscription Wave, Pushing Fees Up 4,000%
After a quiet period post-September 15, Bitcoin transaction backlogs are surging anew, with a noticeable resurgence of Ordinal…
Bitcoin’s Mempool Congestion: Unconfirmed Transactions Approach 700,000 in September
Over the last fortnight, the quantity of unconfirmed bitcoin (BTC) transactions has consistently exceeded the 500,000 mark, nearly…
Bitcoin Blockchain Clears Over 187,000 Unconfirmed Transactions Since Last Week
Throughout the past week, the Bitcoin blockchain has successfully confirmed over 187,000 unconfirmed transactions, as shown by recent…
Bitcoin’s Average Transfer Fee Surged 92% in 4 Days With More Than 330,000 Unconfirmed Transactions in the Backlog
With 13.15 million ordinal inscriptions on the Bitcoin blockchain, demand has continued to keep network transfer fees high,…
Bitcoin Fees Decrease, But Over 257,000 Pending Transactions Await Confirmation
Although the Bitcoin blockchain’s average transaction fees have decreased since surpassing $30 per transfer on May 8, there…
Bitcoin Transaction Backlog Shrinks, but Over 289,000 Still Await Confirmation
Although Bitcoin’s network transaction fees have decreased and a portion of the unconfirmed transfer backlog has diminished, the…