Bitcoin Transaction Fees Hit 17-Month High

Transaction fees on the Bitcoin network have been rising since January. The median fee currently stands at $3.50, the highest values observed since February 2018. Although this figure is significantly below peak fees of $33 observed in December of 2017, it does indicate an increase in the number of users executing large transactions on the network. Bitcoin miners generated $25.1 million in revenue over the past week, a 26% week on week increase.

Source: CoinMetrics