Cryptocurrency Q&A Why are BTC network fees so high right now?

Why are BTC network fees so high right now?

HallyuHeroLegend HallyuHeroLegend Thu Sep 12 2024 | 0 answers 0
I'm curious to understand why the network fees for Bitcoin (BTC) have been so high lately. Is this a temporary surge due to increased transaction volumes, or is there a deeper underlying issue at play? Are miners prioritizing transactions with higher fees, contributing to the rise? And are there any solutions or alternative cryptocurrencies that offer lower transaction costs? I'd appreciate any insights you can provide on this matter. Why are BTC network fees so high right now?

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