🚀 Bitcoin Transaction Fees Hit New Lows! 🚀
Bitcoin enthusiasts, rejoice! 🎉 Transaction fees on the Bitcoin network have been on a steady decline, hitting their lowest levels since November 2023. According to data from IntoTheBlock, fees have dropped by 18% this week, following a 27% decrease the previous week.
Just three months ago, Bitcoin fees skyrocketed due to the halving event and the launch of the Runes protocol. But now, fees have plunged to a mere 5 sats/vByte, or $0.0029, compared to the $8.50 peak in mid-April.
While network activity has slowed, leading to lower fees, this could set the stage for a potential Bitcoin rally. Stay tuned, BTC lovers! 🌟