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The average Bitcoin transaction fees per block have seen significant fluctuations over the years, according to data from CoinMetrics. In 2017, during the peak of the crypto bull market, fees reached an all-time high, averaging 1.91 BTC per block. Since then, the fees have stabilized, with the average fee hovering around 0.45 BTC per block in recent years, according to <a href="https://x.com/JMellerud/status/1826145611822813677" rel="noopener noreferrer nofollow">JMellerud</a>.
<img src="https://lh3.googleusercontent.com/d/1UOceJ1Gq9xyf-gE2oogZK3PcbUhcuGTH?key=1UOceJ1Gq9xyf-gE2oogZK3PcbUhcuGTH" alt="">
This trend has continued into 2024, with the current average at 0.44 BTC per block. The 2017 spike was driven by increased network congestion and demand, leading some to speculate whether a similar surge in transaction fees could occur in the next bull market. The historical data highlights the volatile nature of transaction fees and raises questions about how future market dynamics might impact costs for Bitcoin users.

Could Bitcoin’s Transaction Fees Explode Again? A Look Back at the 1.91 BTC per Block Peak

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