[Average Bitcoin Fees on the Chain Drop to Below $2, Lowest Level Since October 2023] Golden Finance reported that the average transaction fee on the Bitcoin blockchain has remained below $2 since July 1, the lowest level since October 2023. According to bitinfocharts.com data, the average transaction fee is 0.000026BTC or $1.54, equivalent to 15.5sat/vB. Lower fees and lower BTC prices have led to a sharp drop in hash prices, which refers to the estimated value of 1 petahash (PH/s) hash value per second. Currently, the hash price is below $50, at $48.62 per petahash, indicating that Bitcoin miners are still under tremendous pressure.