Bitcoin fees hit 20-month high as miner revenues match $69K BTC price

Bitcoin miners are the main beneficiaries of current sky-high transaction fees, data shows, but many longtime market participants have little time for complaints.

Bitcoin (BTC) on-chain transaction fees are dividing opinion as the cost of sending BTC skyrockets.

Data from statistics resource BitInfoCharts puts the average transaction fee at nearly $40 as of Dec. 17.

The latest wave of Bitcoin ordinal inscriptions have resulted in a fresh wave of elevated transaction fees for all network users — but some believe that they are here to stay.

Read more

bitcoin
Bitcoin (BTC) $ 94,453.31
ethereum
Ethereum (ETH) $ 3,415.52
tether
Tether (USDT) $ 0.998955
bnb
BNB (BNB) $ 690.74
xrp
XRP (XRP) $ 2.25
solana
Solana (SOL) $ 189.92
dogecoin
Dogecoin (DOGE) $ 0.323551
matic-network
Polygon (MATIC) $ 0.501596
chainlink
Chainlink (LINK) $ 24.28
shiba-inu
Shiba Inu (SHIB) $ 0.000022
nexo
NEXO (NEXO) $ 1.36
enjincoin
Enjin Coin (ENJ) $ 0.235178
cardano
Cardano (ADA) $ 0.919186