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Why Bitcoin’s Fee Spike Is Raising Eyebrows as Prices Hold Steady Above $68K

While bitcoin’s price has remained above $68,000, onchain fees tagged along for the ride. Earlier this month, fees were below $1, but two days ago on Oct. 17, the average transfer fee hit a peak of $6.32. Today, onchain...

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

Why Bitcoin’s Fee Spike Is Raising Eyebrows as Prices Hold Steady Above $68K
While bitcoin’s price has remained above $68,000, onchain fees tagged along for the ride. Earlier this month, fees were below $1, but two days ago on Oct. 17, the average transfer fee hit a peak of $6.32. Today, onchain fees stand at around 22.9 satoshis per virtual byte (sat/vB), or roughly $3.61 per transaction. Bitcoin’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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