"Bitcoin (BTC) Network Fees Decreasing... Lowest Level Since September Last Year"
Minseung Kang
Summary
- "Bitcoin (BTC) network fees are showing a downward trend and have reached their lowest level since September last year."
- "This week's Bitcoin fees totaled $2.5 million, showing a 24.4% decrease compared to the previous week."
- "The fee amount can vary depending on network demand and transaction size."
Bitcoin (BTC) network fees are showing a downward trend again.
On the 14th, cryptocurrency specialized media IntoTheBlock reported through X (formerly Twitter), "Bitcoin network fees decreased again this week," adding that "despite significant market volatility, they have reached their lowest level since September last year."
According to the media, this week's Bitcoin fees totaled $2.5 million (approximately 3.6 billion won), a 24.4% decrease compared to the previous week.
Bitcoin network fees refer to the small amount of Bitcoin paid to miners to include a user's transaction in the next block of the blockchain. The fee amount can vary depending on network demand and transaction size.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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