Bitcoin transfer value surges while miner fees decline

Community Trust Score Likely Real 77 % Real Likely Real 39 votes Updated 1 minute ago Bitcoin’s transfer value surged 26% to $5.5 billion last week, even as transaction fees paid to miners declined 8.8% to $185,200, according to Glassnode. The blockchain analytics firm’s Oct. 26 report showed that entity-adjusted transfer volume climbed from $4.4 billion a week earlier. In contrast, total transaction fees dropped from $203,200 to $185,200 over the same period. Daily active addresses also declined 2.2% to 615,200, indicating a divergence between the dollar amount moving across the network and the activity generating revenue for miners.