Bitcoin User Pays Record $500,000 Fee For Single Transaction — Jameson Lopp Points To Withdraw-Only Wallet
Portfolio Pulse from Mehab Qureshi
A Bitcoin user paid a record transaction fee of 19 BTC, equivalent to $509,563. The address involved in the transaction is likely a withdraw-only hot wallet tied to an enterprise. The current average Bitcoin transaction fee is around $1.41, but can vary due to network congestion. At the time of writing, BTC was trading at $25,737, down 0.42% in the last 24 hours.
September 11, 2023 | 4:32 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
A record transaction fee of 19 BTC was paid by a Bitcoin user. This unusual event could potentially affect the perception of transaction costs in the Bitcoin network, but it's unlikely to have a significant impact on the price of BTC in the short term.
While the record transaction fee is noteworthy, it's likely a user-end mistake and not indicative of a trend in rising transaction costs. Therefore, it's unlikely to have a significant impact on the price of BTC in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 100