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Has the price of transactions gone up relative to the value of Bitcoin? (I don't have a dog in this race, just curious.)
by rriepe 6y ago
Has the price of transactions gone up relative to the value of Bitcoin? (I don't have a dog in this race, just curious.)
- solotronics 6y agoNo it goes up and down based on how "busy" the mempool is, its basically a measurement of the overall desire to get a transaction on the blockchain. When bitcoin goes through big price swings this tends to increase number of TX which therefore increases the fee.