Bitcoinist.net:

bitcoin transaction fees surging

Bitcoin transactions have been exploding recently, and the network managed to collect over half a million in fees within only 24 hours.


The last several days have been pretty happening for bitcoin. This time, the benchmark cryptocurrency did not see a massive surge that added thousands of dollars to its price, but it did make a few milestones, of sorts.

Bitcoin Transaction Fees Hit New Milestones

Only a week ago, on October 30th, the bitcoin network surpassed $1 billion in cumulative fee revenue, which is quite an important milestone.

Now, however, BTC is once again a topic of conversations and speculations as it reportedly collected over $500,000 in transaction fees…

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Source: https://bitcoinist.com/bitcoin-btc-collects-usd-500k-in-fees-within-24-hours/