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Bitcoin's on-chain transaction fees have surged to nearly $40, the highest since April 2021, due to Ordinals inscriptions. 📉 This spike could negatively impact Bitcoin's price. High fees may deter casual use and smaller investors, potentially reducing demand for BTC. #Bitcoin #transactionfees  

Bitcoin's on-chain transaction fees have surged to nearly $40, the highest since April 2021, due to Ordinals inscriptions.

📉 This spike could negatively impact Bitcoin's price.

High fees may deter casual use and smaller investors, potentially reducing demand for BTC.

#Bitcoin #transactionfees  

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