Bitcoin’s average transaction fees are up more than 1,000% since the beginning of the month

CryptoFees data shows that from November 16th to 18th, the average daily fee for Bitcoin was $10.65 million, exceeding Ethereum's average fee of $6.9 million during the same period. According to BitInfoCharts data, since the beginning of this month, Bitcoin's average transaction fee has significantly increased, rising by more than 1,000% and reaching a peak of $18.67 on November 16th. This surge reflects the market's optimistic sentiment towards the approval of the US spot Bitcoin exchange-traded fund (ETF).