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Despite Fee Reduction, Bitcoin Network Faces Stubborn Transaction Backlog

Bitcoin transaction fees have stayed below $7 since Jun. 9, 2024, and have fallen under $3 in the last five days. Even with this decrease in fees, over 200,000 unconfirmed transactions have persisted in the backlog, as t...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Despite Fee Reduction, Bitcoin Network Faces Stubborn Transaction Backlog
Bitcoin transaction fees have stayed below $7 since Jun. 9, 2024, and have fallen under $3 in the last five days. Even with this decrease in fees, over 200,000 unconfirmed transactions have persisted in the backlog, as the queue has not come close to clearing since October 2023. Bitcoin’s Fee Market Struggles to Match Network’s […]

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This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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