Bitcoin Transaction Fees Significantly Decrease, Charlie Shrem Pays $0.25 Fee

Over the past few weeks, the size of the Bitcoin mempool, the holding area for unconfirmed transactions waiting to be picked up by miners, significantly decreased by around 90 percent.

As a result, Bitcoin fees significantly declined and the recommended Bitcoin transaction fee calculated by Bitcoin fee estimators integrated into widely utilized wallet platforms such as Blockchain substantially dropped. Now, fees below $1 have become sufficient to obtain first confirmation within 10 minutes.

Read more here: https://cointelegraph.com/news/bitcoin-transaction-fees-significantly-decrease-charlie-shrem-pays-025-fee