Bitcoin (BTC) Transactions Decline After Unprecedented Halving Surge: A Deep Dive into Crypto Trends

• Bitcoin transaction fees are back to their lows, standing at an average cost of $4.50 per transaction.
• The decrease in fees comes after a record high of $128 per transaction following last month’s halving event.
• Despite a recent drop in Bitcoin’s price, the ease of making payments with the coin has improved.

Bitcoin transaction fees have returned to their lows, providing relief to users and highlighting the coin’s resilience despite recent price drops.

Bitcoin Transaction Fees Return to Lows

Bitcoin users can now make payments with the coin with relative ease as transaction fees have returned to their lows. The average cost for a transaction is now $4.50, according to BitInfoCharts. This marks a significant decrease from last month’s record high of $128 per transaction, which was triggered by the quadrennial halving event and the concurrent launch of Runes, a new standard for creating tokens on the blockchain.

Impact of Halving Event on Transaction Fees

The halving event, which took place last month, led to a surge in activity on Bitcoin’s network. This increased activity r... Read the full article for FREE at COINOTAG!