Overpaying Bitcoin TXN fees can lead to bidding wars - AMBCrypto
During the crypto rally at the beginning of the year, the Bitcoin network faced a heavy load of transactions, soaring to levels unseen since February 2018. Interestingly, this did not occasion with the price movement of the cryptocurrency. Instead, the figures for transaction fees reached a little over a two-year high around mid-May. Shortly after forming a top, the transaction fee fell and continues to remain fairly low. This drop evidenced normalized transaction activity in the Bitcoin network.
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