Business
As Bitcoin Reaches Jan 2018 Prices, So Do Transaction Fees – Decrypt
The average cost of a Bitcoin transaction hit $14 yesterday.
In brief
- Bitcoin transaction fees have risen alongside Bitcoin’s price.
- Fees increase when there’s more activity on the network.
- Transaction fees haven’t been this high since January 2018.
Bitcoins price today hit prices unseen since January 2018. Hooray for Bitcoin investors worldwide. But now the bad news: Bitcoin transaction fees have also increased to the highest price since January 2018, according to data from BitInfoCharts.com.
The average cost of a Bitcoin transaction is now $13. Thirteen…
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