At the time of publication, there’s more than 69,000 transactions waiting in line to get confirmed by a bitcoin miner. Since bitcoin’s price rise, at certain times, transaction fees have climbed to $10 to $20 per transfer, and people who pay less than the median fee may have to wait a while. However, people might not realize that there’s a tool people can leverage called a transaction accelerator, a platform that increases the probability of getting a transaction confirmed. Bitcoin’s Transaction Backlog and Transfer Fees Ramp Up On Wednesday, February 17, 2021, bitcoin ( BTC ) touched a lifetime price high at $52,640 per unit. Since then BTC ’s value has retreated a hair but the crypto asset has continued to keep steady between the $51,000 to $52,000 price range. Meanwhile, BTC fees have also steadily increased as the cost per transfer is currently $16.62 to get a transaction into the next block according to bitcoinfees.cash data. BTC ’s median fee is lower and around $10.76 per
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