Isn't this driven by the fact that crypto clients use a default transaction fee rather than dynamically negotiating a good fee on the market? E.g. if your clie

Isn't this driven by the fact that crypto clients use a default transaction fee rather than dynamically negotiating a good fee on the market? E.g. if your client's default fee is .001 bitcoins or whatever, back in the day that was super cheap but now it's $15. But the intrinsic cost of carrying out that transaction has in real-world terms probably gone down rather than up. So you'd expect the market to arrive at roughly the same USD-valued equilibrium regardless of the BTC-USD conversion rate, but this clearly hasn't happened. So in practice there is no market for crypto transactions because everybody just uses some default transaction fee. Yeah?