Bitcoin's Average Transaction Fees Rise Post-Halving
Bitcoin’s average transaction fees have continued to rise after the halving. Data from Bitinfocharts shows that the average transaction for Bitcoin hit $5.16 on May 14th, a high not seen since June 2019.
Bitcoin transaction fees have been surging in 2020, soaring particularly in the run up to the halving, which saw enormous BTC volumes on spot exchanges. With Bitcoin seemingly on the cusp of another bull run, it remains to be seen whether we will see new transaction fee highs in 2020.
