Bitcoin Fees Plummet Following Record $128 Daily Average on Halving Day

On April 20, Bitcoin experienced an unprecedented surge in block fees, reaching a staggering average of $128. This surge coincided with the fourth Bitcoin halving event, compensating for the reduced block subsidy miners faced. Merely a day later, on April 21, the average fees on Bitcoin plummeted sharply to $8-10 for medium-priority transactions...

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