Bitcoin Network Fees Hit Lowest Level Since November 2023
CryptoNewsTerminal Staff12 Jul, 2024
Bitcoin Network Fees Hit Lowest Level Since November 2023
Bitcoin Network Fees Drop to Lowest Since November 2023 The Bitcoin network is currently experiencing its lowest weekly fees since November 2023, according to data from IntoTheBlock. This marks a significant decrease of 18% compared to last week. The drop in fees is likely due to a combination of factors, including a decrease in transaction volume and increased competition among miners. As a result of the lower fees, Bitcoin transactions are becoming more affordable to send. This is good news for both users and businesses that rely on Bitcoin for payments.