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Data: Bitcoin Average Transaction Fees Reach Lowest Level Since 2017

On April 1, CryptoQuant analyst Darkfost stated that Bitcoin transaction fees have dropped to their lowest level since 2017. Bitcoin transaction fees have historically been considered relatively high, with some fees reaching hundreds of dollars during network congestion. However, the situation is now quite the opposite. The average Bitcoin transaction fee has fallen below $0.40, indicating that transaction costs are at a very low level. Nevertheless, the decline in transaction volume is not as pronounced. On an annual average, daily transaction volume still exceeds 3,000, which is not low. The decrease in fees is primarily attributed to the introduction of inscriptions, which has somewhat limited the weight of transactions that can be included in each block. Although this was achieved through a soft fork, it remains a significant development for Bitcoin. It is also interesting to compare fee changes with price trends. Historically, fee peaks often occur at Bitcoin price tops, while fee lows tend to appear during bear market phases—exactly the case now.

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