Title: Babylon Staking Sparks Bitcoin Fee Surge: Transfers Hit $105 Before Plummeting
Post by: Bitcoin on Aug 22, 2024, 04:31 pm
Post by: Bitcoin on Aug 22, 2024, 04:31 pm
Babylon Staking Sparks Bitcoin Fee Surge: Transfers Hit $105 Before Plummeting
On Aug. 22, Bitcoin’s onchain transaction fees took off, soaring to more than 1,250 satoshis per virtual byte (sat/vB), which translated to over $105 per transfer at 8:45 a.m. EDT. However, by 9:40 a.m. EDT on Thursday, fees had dropped to 625 sat/vB or $53.26 per transaction. Bitcoin Miners Rejoice as Fees Hit $105 The […]
Source: Babylon Staking Sparks Bitcoin Fee Surge: Transfers Hit $105 Before Plummeting (https://news.bitcoin.com/babylon-staking-sparks-bitcoin-fee-surge-transfers-hit-105-before-plummeting/)
On Aug. 22, Bitcoin’s onchain transaction fees took off, soaring to more than 1,250 satoshis per virtual byte (sat/vB), which translated to over $105 per transfer at 8:45 a.m. EDT. However, by 9:40 a.m. EDT on Thursday, fees had dropped to 625 sat/vB or $53.26 per transaction. Bitcoin Miners Rejoice as Fees Hit $105 The […]Source: Babylon Staking Sparks Bitcoin Fee Surge: Transfers Hit $105 Before Plummeting (https://news.bitcoin.com/babylon-staking-sparks-bitcoin-fee-surge-transfers-hit-105-before-plummeting/)