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Bitcoin transaction fees soar after Bitcoin halving

[Decrypt] Bitcoin’s average transaction fees continue to rise post-halving—caused by an already overloaded transaction backlog. Average transaction fees on the Bitcoin network have hit a new 11-month high. According to data from Bitinfocharts, the average fee paid for transacting on Bitcoin hit $5.16 on May 14—a phenomenon not witnessed since June 2019. The […]

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