ChainCatcher news, since July 1, the average transaction fee on the Bitcoin blockchain has remained below $2, the lowest level since October 2023. According to bitinfocharts.com data, the average transaction fee is 0.000026 BTC or $1.54, equivalent to 15.5 sat/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, which shows that Bitcoin miners are still under great pressure.