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Babylon Staking Causes Bitcoin Fees to Rise: Transfers Hit 5 Before Plunging
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Babylon Staking Causes Bitcoin Fees to Rise: Transfers Hit $105 Before Plunging

Babylon Staking Causes Bitcoin Fees to Rise: Transfers Hit $105 Before PlungingOn August 22, Bitcoin’s onchain transaction fees soared to over 1,250 satoshis per virtual byte (sat/vB), which equated to over $105 per transfer at 8:45 a.m. EDT. However, by 9:40 a.m. EDT on Thursday, the fee had dropped to 625 sat/vB, or $53.26 per transaction. Bitcoin miners rejoice as fees hit $105 The (…)