Source: Adobe/Wit.

After a peak in transaction fees on the Bitcoin (BTC) network was seen less than a month earlier, the charge paid to miners for processing deals is now back at levels seen in April, a time well prior to the 3rd halving in May.

On Sunday, June 14, the typical BTC transaction charge was USD 0.205, or 95% less than on May20

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Source: Bitinfocharts.com.

Appropriately, the other day, miners gathered USD 154,000 in fees, compared to practically USD 1.9 million on May20 Their incomes about to experience another struck as mining problem is approximated to boost by more than 14% tomorrow, Tuesday.

Changes in the transaction fees on the Bitcoin network depend upon the level of blockage on the network, with greater fees typically seen throughout times of market volatility when lots of bitcoin holders move their coins to and from exchanges.

That stated, the mempool, where all the legitimate deals wait to be validated by the Bitcoin network, appears to be cleaning up too, with lots of more lower-fee deals getting their turn to be verified.

Source: jochen-hoenicke. de.

Currently (12: 51 PM UTC), BTC is trading at USD 9,126, having actually come by 3% in 24 hours and by 6% in a week.
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Learn more:
Bitcoin Fees Increasing, Surprising Even Market Experts
Bitcoin and Ethereum Users Complain About Increasing ‘Absurd’ Fees
Bitcoin Fees Drop However Still Remain Far From the Pre-Halving Level

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