The average commission on the bitcoin network fell below $4

by in Cryptocurrency News

Bitcoin

The weakening of transaction activity on the bitcoin network has led to a sharp drop in average fees.

The operating fee is currently $ 3.92, according to BitinfoCharts. Note that in the second half of April, the commission reached $ 62.77.

Below $4 Bitcoin fees were at the end of December last year. The previous maximum for commissions was recorded in December 2017. Against the background of the first run of bitcoin, transactional activity was at an all-time high, while the average bitcoin collection was $ 52.18, observers note.

Trending: Finder: Bitcoin could hit $80,000 by 2025

Recall that in April of this year, the largest digital currency achieved the best results in its history. The coin on some trading floors was close to $ 64,400.

However, already in May, bitcoin began to surrender its previously won positions. On Sunday, June 11, the BTC rate is holding around $ 33,500. Currently, on average, the network processes 187,102 transactions per day.

Another blow to Bitcoin this week came from the Central Bank of China. The regulator called BTC a speculative instrument and pointed out the need to fight the cryptosphere.