According to PANews, CryptoQuant analyst Maartunn reports that Bitcoin‘s average transaction fee has dropped to 0.000013 BTC, approximately $1.27, marking a multi-year low. In May 2023, December 2023, and April 2024, Bitcoin transaction fees surged significantly, driven by the launch of the Runes protocol and substantial increases in Bitcoin’s price. During these periods, the number of unconfirmed transactions in the mempool rose sharply, prompting users to pay higher fees for faster confirmations. Currently, the mempool is idle, and the popularity of Bitcoin inscriptions has waned. This situation presents a low-cost opportunity for consolidating funds if Bitcoin is distributed across multiple addresses.
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