After a troublesome period of high fees for Bitcoin (BTC) transactions, the network has steadily kept its costs in the last two months at an average lower than what would cost users to buy a Big Mac in the United States. Which gives users more predictability and affordability while sending and receiving Bitcoin from one address to another.
Bitcoin mining transaction fees started to increase on May 2, crossing the $5.00 line and peaking at an average of $31.14 paid by all users for each sent transaction on May 8. This data was retrieved by Finbold from BitInfoCharts.
After that, the average transaction fees consolidated around the $5.00 mark for one month, from May 14 to June 9. Since then, this metric has remained below this key price for over two months until August 24, at the time of publication.
Bitcoin Average Transaction Fee historical chart. Source: BitInfoChart
Interestingly, the $5.00 mark also brings an important economic significance, as it is lower than the average price for
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