The current average cost of moving Bitcoin on-chain is just over $37.
This is the highest average cost since April 2021.
As of December 17th, the average transaction cost for transfering Bitcoin was approximately $37, according to data from the statistics portal BitInfoCharts.
All users of the network are now paying more for their transactions due to the most recent wave of Bitcoin Ordinals inscriptions. Moreover, some think these costs will remain. The current average cost of moving Bitcoin on-chain is just over $37, according to BitInfoCharts. This is the highest average cost since April 2021.
Ordinals Effect
There is a huge amount of unconfirmed on-chain transactions in Bitcoin’s mempool, according to further data from Mempool.space; as a consequence, even transactions with a $2 fee do not get on-chain priority. Moreover, around 350,000 transactions are still pending confirmation.
Advocates of Bitcoin continue to argue passionately while many smaller investors find casual on-chain
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