Bitcoin charges skyrocket on spot BTC ETF hype

The prospect of a spot (BTC) exchange-traded fund (ETF) being authorised quickly in the US has elevated demand for the most important cryptocurrency, resulting in a surge in transaction charges.

The Bitcoin blockchain reached $11.6 million in charges paid on Nov. 16, in line with statistics from CryptoFees. On the time of writing, YCharts information exhibits that the typical transaction payment is $18.69, up 113% from the day past and 746% from a yr in the past.

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