Data: Bitcoin transfer costs fell to $38.69 on July 7, the lowest in four years

CoinVoice has recently learned that according to Cointelegraph, the average fee per Bitcoin transaction fell to $38.69 on July 7, the lowest since 2020.

In addition, according to Ycharts data, on July 7, Bitcoin miners processed 673,752 transactions through the Bitcoin network. BTC accounted for 89.7% of the transaction volume, with the rest being Ordinals (0.7%), BRC-20 (4.1%) and Runes (5.4%). Bitcoin miners' revenue on that day accounted for 1.14% of the transaction volume, the average share over the past six months. Despite the lower average transaction cost, miners still benefited from the reduction in network difficulty, which allowed them to process transactions using relatively less computing power. [Original link]