Cryptocurrency News Today TheBitTimes.com

Bitcoin (BTC) transaction fees have increased in the last weeks, recently crossing yearly highs . On December 6, a Bitcoin transaction fee surpassed the average global daily income of $26.66. Essentially, fees might rise when the network reaches saturation, which is relatively low on Bitcoin due to its protocol design. Users outbid each other to have their transaction s confirmed first, and these dynamics increase the average or minimum network fees. In particular, the average Bitcoin transaction fee reached a new yearly high at $37.43 on December 17. Finbold retrieved this historical data from BitInfoCharts on December 21, with the average fee at $31.61 per transaction .  Previously, Bitcoin fees peaked at $31.14 on May 8 for a single day, immediately retracing back to $3.7. However, this time is different as the average transaction fee has consistently risen and kept its higher levels. Bitcoin average transaction fee, historical chart. Source: BitInfoCharts Bitcoin avera...

Numerous cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH), have been methodically exploring and challenging new resistance levels during the ongoing market rally. In contrast, Dogecoin (DOGE) has displayed a remarkable and nearly uninterrupted upward trajectory in previous days. In recent days, DOGE’s on -chain transactions experienced notable growth, soaring by $665 million in transaction volume, its highest level in 3 months.  Additionally, there is also a notable amount of DOGE long-openings as investors bet on prices rising, as reported by blockchain and cryptocurrency behavior Analysis platform Santiment in an X post on November 17. Dogecoin experienced its highest trading volume in 3 months. Source: Santiment The platform also highlights that DOGE shows breakout potential as its on -chain transactions spiked, fueled by an increased funding rate on Binance. Will DOGE hit $0.1? Cryptocurrency BlackRock files for a spot Ethereum ETF with SEC ...