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How Does Bitcoin Price Affect Transaction Fees?

Discussion in 'Bitcoin Investments | Discussions' started by Prezzy, May 15, 2019.

  1. Prezzy

    Prezzy Leader Protector

    Hello Cryptic Jackobians. Prior to the present bitcoin pump, we were enjoying steady transaction fees as low as $0.1 per transaction and they were still going very fast!
    However, with the pump, the transaction fees has also risen astronomically.

    Blockchain once suggested $7+ for me under regular transaction. $3 is also common nowadays and I can't help but ask.

    What could be the cause of this Jump in btc transaction fees?
     
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  3. Prezzy

    Prezzy Leader Protector