Post
Topic
Board Bitcoin Discussion
Re: What's happening with Bitcoin transaction fees?
by
Z-tight
on 06/12/2023, 17:19:15 UTC
Due to the rapid rise in the price of Bitcoin, these transaction fees have also increased significantly as these fees are reduced by miners.  If the price of Bitcoin struggles a bit, its fee will come down again. 
This is not true, BTC tx fees is not determined by the price of BTC or even the amount of coins you are sending, BTC tx fees is determined by the size of your tx, the adddress type used and how congested or free the mempool is.