Bitcoin Network Transaction Fees Soar to $50
June 7, 2011 - According to Mempool data, the current Bitcoin network fees have spiked to 520 sat/vb (~$52) and are in a state of congestion. According to Wu, it is suspected that OKX (bc1quh.... .0r8l2d) is organizing and homing in on user wallets.There are currently over 330,000 unconfirmed transactions on the Bitcoin network.
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