On April 20, the average bitcoin (BTC) transaction fee doubled above the $100 mark for the first time since its decline. The surge in transaction fees has left most investors either in the dust or unable to withdraw funds from exchanges.
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Specifically, data obtained by Finbold from mempool. space showed that the average #bitcoin transaction fee over the past 24 hours was $105.69. In #BTC , users paid an average of 166,150 sat or 0.00166150 BTC per transaction during this period.
Additionally, bitcoin miners have mined the last four blocks, paying over 1,072 sat/vB, which is equivalent to $100 per small segwit transaction. sat (or satoshis) is the smallest unit of bitcoin, named after its creator Satoshi Nakamoto. and vB stands for virtual byte, a metric used in #cryptocurrency protocols.
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