HomeUncategorizedInordinately high — Bitcoin Ordinals send BTC transaction fees to new 5-month peak By Cointelegraph

Inordinately high — Bitcoin Ordinals send BTC transaction fees to new 5-month peak By Cointelegraph

November 8, 2023

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© Reuters.

(BTC) transaction fees are at their highest in nearly six months as a new wave of inscriptions boosts competition for block space.

Data from statistics resource BitInfoCharts shows the average BTC transaction fee approaching $6 as of Nov. 7.

Bitcoin Ordinals heatmap (screenshot). Source: GeniiData
Bitcoin mempool data overview (screenshot). Source: Mempool.space
Bitcoin miner % revenue from fees chart. Source: Glassnode