Bitcoin transaction fees hit a new high since mid-August, and the growth rate is the fastest since the bull market in 2018

Rhythm Blockbeats news, according to BitInfoCharts data, on October 22, Bitcoin transaction fees soared to the highest level since mid-August, and the growth rate was the fastest since July 2018. There is a fall back. The reason for this result may be the rise in the price of Bitcoin. Market data shows that the current price of Bitcoin is 13,133 US dollars.

Specifically, on October 22, the average cost of processing a Bitcoin transaction was $6.3, while a few days ago, this figure was only $1.9, and the increase of $4.4 in a week is The biggest increase since the bull market in the summer of 2018, the fee has now dropped to $5.7.

The high transaction fee may be related to the price increase of Bitcoin. On October 6, the price of Bitcoin was about It was $10,600, but the price has risen sharply in the past few days, and the current price is about $13,000, an increase of about 23%.

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