Average BTCfee drops to the lowest since 2019: CryptoQuant. Bitcoin BTCmining WuBlockchain
The journalist cited data provided by South Korea-based CryptoQuant on-chain analytics vendor.
As per the data company, the BTC transaction fee has dropped from the historic peak of $62.7 it saw last April to $1.039 per transaction now. This makes it a two-year low as, in June 2019, an average BTC fee was roughly $6.5.During the previous times that BTC fees went up and down, drops happened simultaneously with the Bitcoin price. In 2017, on Dec. 23, when the price hit an all-time high of close to $20,000, the average fee to send some BTC reached as high as $54.9.
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