Bitcoin fees remain low despite price surge but Vitalik says they could soar
Despite Bitcoin's surge to re-test its 2017 highs, a combination of low on-chain transactions and diminished retail speculation has seen transaction fees remain low.
The current fees of around $3.50 per transaction starkly contrast with three years ago, when the fees incurred to send any amount of BTC briefly spiked above $50. But average transaction values are currently approaching $200,000 suggesting the current rally has not been accompanied by the same retail trading frenzy that drove prices toward $20,000 in 2017.
