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Bitcoin’s frenzy of activity pushes average transaction fee over $7, nearly 2-year high

Bitcoin’s frenzy of activity pushes average transaction fee over $7, nearly 2-year high

A spike in transactions on the Bitcoin blockchain involving Ethereum-style tokens and NFT-like “inscriptions” has driven up congestion on the network.

On Wednesday, the average fee per Bitcoin transaction rose to $7.25, the highest since July 2021.

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