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Bitcoin network transaction fees have dropped significantly, and "high priority" is temporarily reported at 144 satoshis/byte

Bitcoin network transaction fees have dropped significantly, and "high priority" is temporarily reported at 144 satoshis/byte

CointimeCointime2024/04/22 02:19
By:Cointime

mempool data shows that the current transaction fees on the Bitcoin network have fallen. The transaction fee for medium priority is currently reported at 124 satoshis/byte, approximately $11.24 USD, while the transaction fee for high priority is reported at 144 satoshis/byte (a decrease of approximately 95% from the previous high of 2800 satoshis/byte), approximately $13.05 USD.

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