Inordinately high — Bitcoin Ordinals send BTC transaction fees to new 5-month peak

Bitcoin users attempting to send on-chain BTC transactions are footing the bill for a fresh surge in Ordinals.

Bitcoin

BTC

tickers down

$34,929

transaction fees are at their highest in nearly six months as a new wave of inscriptions boosts competition for block space.

Data from statistics resource BitInfoCharts shows the average BTC transaction fee approaching $6 as of Nov. 7.

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