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Crypto Prices

Bitcoin and Ethereum recent transaction fee increases

Written by  May 15, 2020

Bitcoin and Ethereum (ETH) fees are going up.

Bitcoin fees have been rising following the third halving. On 12th May, the average transaction fee reached USD 2.79, the highest in ten months, jumping further to USD 5.16 on 14th May.

In the same period, the median transaction fee climbed 55% - from 1.797 to 2.781. The 7-day moving average shows an increase of 25% to USD 1.814. On April 1, it stood at USD 0.366 and was 395% higher on 14th May.

Source: Bitinfocharts.com

Ethereum median fees have also increased in double digits this month. The 7-day moving average is up by 82%, to USD 0.153 on May 14. Since April 1, it jumped by 337%.

Source: Bitinfocharts.com

If you are new to the Cryptocurrency world and would like to open an account we recommend Cex.io.

crypto_mixed_coinsAlso see: Tips To Trade The Volatile Crypto Market

Do you find think these transaction increases are fair? Comment below...

Peter Flynn

Senior Editor and self confessed Crypto addict, bringing a variety of Crypto tech news, help and advice in the UK. I have worked in various fields throughout my career such as a Systems Administrator, Cyber Security Consultant and other technical related roles, these days I concentrate on Cryptocurrency journalism and technical writing.

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