Bitcoin average transaction value increases 500% since July
The average Bitcoin transaction is now worth more than $150,000. The average value of Bitcoin (BTC) transactions has increased dramatically since July this year. The average transaction value was sitting at approximately $25,000 per transaction four months ago, but posted a yearly high on Oct 20 at $151,000 per transfer — representing an increase of more than 500%.Average Bitcoin transaction value. Source: BitInfoChartsThe latest spike, as shown by crypto analytics platform BitInfoCharts’ data, saw the average value of a transaction increase almost $50,000, up from $105,000, in the last 48....
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The average BTC transaction fee saw a steady decline from an all-time high of $62.788 in April 2021 before coming down. The average transaction fee per Bitcoin (BTC) transaction made a complete 360-degree over nearly two years to settle down at $1.039, a number which was last recorded back in June 2020. The BTC transaction fee is the cost to transfer any amount of BTC, which is also directly proportional to the time it takes to validate and complete the transaction. As evidenced by data provided by Blockchain.com, the average BTC transaction fee saw a steady decline from an all-time high....
Altcoins provide an alternative solution to maximize investments. But that is not all, as most of these alternative offerings have much lower transaction costs as well. For the umpteenth time in the past year or so, the Bitcoin transaction fees are skyrocketing once again. This is not particularly good news for a cryptocurrency often referred to as a cheaper way to send cross-border payments. While the transaction cost is still low compared to other offerings, some users are looking for better offerings in the altcoin scene. According to a chart found on Reddit, the Bitcoin transaction....
Indian crypto traders may be giving up since they must now factor in a 30% income tax and a 1% tax per transaction on crypto trades, forcing exchange volume to plummet. Trading volume on three major Indian crypto exchanges plummeted 72.5% on average since July 1, when a 1% tax per transaction was enforced in the country.The Tax Deducted at Source (TDS) came into effect on July 1 and appears to have negatively affected traders as exchange volumes dropped from 37.4% on BitBNS and 90.9% on CoinDCX by July 3. Volumes have stabilized slightly since hitting lows but are still down 56.8% on....
The average amount of Bitcoin transaction fees has declined around 26% over the past week. Here are some possible reasons behind the trend. Why Are Bitcoin Transaction Fees So Low Right Now? As per the latest weekly report from Arcane Research, the average transaction fees per day was around $966k last week, but it has […]
Having almost tripled since last summer, Bitcoin transaction fees continue to grow. According to a new bitcoin fee estimator from Bitmain, almost 20,000 transactions are currently paying more than 35 cents for a next block confirmation. The current average fee is almost 15 cents per average bitcoin transaction size of approximately 500 bytes. The somewhat confusing graph, due to unintuitive parameters such as satoshi per byte, illustrates no transaction is currently delayed at a fee rate of more than 60 satoshis per byte, which has to be multiplied by the average transaction size of 500....