Bitcoin Fees Skyrocket 250% as Transaction Volume Nears 2017 Peak

By CCN: Research in the latest issue of Diar reveals that Bitcoin transaction fees skyrocketed 250% in April as BTC blocks grew nearly as full as they were during December 2017 when the Bitcoin price peaked at just under $20,000. SegWit Usage Drops Average Fees Significantly Fees were much lower than at that time, because SegWit usage has steadily increased in the intervening months. Diar writes: “On-chain volume still heavily used for ramping on and off exchanges has been the main culprit as traders look for an opportunity with the price of Bitcoin rising 43% during April resulting in full

The post Bitcoin Fees Skyrocket 250% as Transaction Volume Nears 2017 Peak appeared first on CCN

Source: https://www.ccn.com/bitcoin-fees-skyrocket-250-as-transaction-volume-nears-2017-peak

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