Why Bitcoin’s Fee Spike Is Raising Eyebrows as Prices Hold Steady Above $68K

While bitcoin’s price has remained above $68,000, onchain fees tagged along for the ride. Earlier this month, fees were below $1, but two days ago on Oct. 17, the average transfer fee hit a peak of $6.32. Today, onchain fees stand at around 22.9 satoshis per virtual byte (sat/vB), or roughly $3.61 per transaction. Bitcoin’s […]

source https://news.bitcoin.com/why-bitcoins-fee-spike-is-raising-eyebrows-as-prices-hold-steady-above-68k/