Bitcoin

April

when

Coin

<ul class="news-points"> 
 <li>Bitcoin’s average transaction fee has plummeted to $34.8 following last day’s record high of $128.45.</li> 
 <li>The transaction fee surge is likely due to the community’s rush to create Rune-based meme coins.</li> 
 <li>Bitcoin critic Peter Schiff slammed Bitcoin as a failure when its transaction fee reached historical highs.</li> 
</ul> 
Bitcoin’s average transaction fee plummeted to $34.8 on April 21, following last day’s record high of $128.45. <a href="https://ycharts.com/indicators/bitcoin_average_transaction_fee" target="_blank" rel="nofollow">YCharts data</a> indicated a historical high of Bitcoin transaction fees on the day of the much-hyped <a href="https://coinedition.com/bitcoin-halving-impact-average-revenue-jumps-to-21-74-btc/">Bitcoin Halving</a> from a previous high of $24.51 on April 12. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/XLkeFlF3DLsq1PF2GeCeG0XvqAlBU46fZS0u0tQ20TRe5GUIxMAWYkYMhyjVZyFQW-fyx-jIl2ALuOeirfZfnMmHbMD74-hiaEElE5zIUfcaFcOh_MjTs0ErCzX3OmDBpjjivop97E90WM3GfZB34aQ" alt="">
</figure> 
Source: <a href="https://ycharts.com/indicators/bitcoin_average_transaction_fee" target="_blank" rel="nofollow">YCharts</a> 
The average transaction fee refers to the average fee for processing a miner’s Bitcoin transaction. Notably, the surge in Bitcoin transaction fees coincides with the launch of Casey Rodarmor’s<a href="https://coinedition.com/runes-minting-dominates-initial-bitcoin-halving-fallouts/"> Runes protocol</a>, a BRC-20-like token. The transaction fee seems to have increased as a result of the community’s rush to create new rune-based meme coins. 
Following the hike in Bitcoin transaction fees, Bitcoin critic Peter Schiff chastised the cryptocurrency, discrediting it as a digital asset. His maj…
The post <a href="https://coinedition.com/bitcoins-average-transaction-fee-dips-to-34-8-after-hitting-128-45/">Bitcoin’s Average Transaction Fee Dips to $34.8 After Hitting $128.45</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bitcoin’s Average Transaction Fee Dips to $34.8 After Hitting $128.45

Coin Edition

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