Bitcoin transaction fees hit four-year low amid miner capitulation concerns

Bitcoin transaction fees reached a four-year low of $38.69 on July 7, a figure last observed during the peak of the COVID-19 pandemic in 2020. This sharp decline in fees comes as miners grapple with reduced profitability in the post-halving environment.The decrease in transaction costs can be attributed to lower demand for block space and reduced data volume on the Bitcoin network. On July 7,... source: https://cryptobriefing.com/bitcoin-transaction-fees-drop/