Bitcoin Transaction Fees Slide Significantly Post Halving

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Bitcoin transaction fees have significantly lowered following the halving, with medium-priority transactions now costing $8.48 while high-priority transactions costing $9.32, according to data from Mempool.space.

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The hash price index, a metric created by Luxor to quantify how much a minor can expect to earn from a specific quantity of hash rate has dropped from 100 and 8298 per hash per day to $81 a level below where it was pre having in the initial aftermath, the Bitcoin having fees spiked on the network to over 100 and $46 medium priority transaction and 100 and $70 for a high priority transaction.

 

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