I was surprised too when I checked the transaction fees, they’re really cheap these days (
checked on mempool). As we’ve all noticed, the market seems to be in a bull run already, with Bitcoin hitting $69k and getting ready to break the current ATH, which should push the price even higher. But yeah, it’s interesting how this time around it’s different compared to the last bull run. Back then, fees were really high, making small transactions almost not worth it. We had to wait until the network congestion eased up before moving any Bitcoin.
The bull run is not different but we have not reach the highest point of the bull market yet that is why Bitcoin network has not been as busy as it used to be during other bull market. What makes the fees increase is when the Bitcoin Blockchain is congested and not because it is a bull or bear market but most times the network get more usage during the bull market as there are many people buying and using theBlockchain therefore the network is more busy. Early this year the fees where also high but we were not in a bull market. Let us wait until next year before we can conclude if the fees did get high or it did not get high. All bull market can not be the same, we should not expect the same things that happened in previous bull market to happen in the next but there could be some similarities.