On April 20, the average bitcoin (BTC) transaction fee doubled above the $100 mark for the first time since its decline. The surge in transaction fees has left most investors either in the dust or unable to withdraw funds from exchanges.
Specifically, data obtained by Finbold from mempool. space showed that the average #bitcoin transaction fee over the past 24 hours was $105.69. In #BTC , users paid an average of 166,150 sat or 0.00166150 BTC per transaction during this period.
Additionally, bitcoin miners have mined the last four blocks, paying over 1,072 sat/vB, which is equivalent to $100 per small segwit transaction. sat (or satoshis) is the smallest unit of bitcoin, named after its creator Satoshi Nakamoto. and vB stands for virtual byte, a metric used in #cryptocurrency protocols.
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