Bitcoin Fees are soaring again (> $10) and highest number of unconfirmed transactions since in 2 years (over 150k pending txns right now)

The average confirmation fee is now $11.6...Unconfirmed transactions are almost near the Jan 2018 levelsAlthough, there has not been any abnormal spike in actual usage i.e number of transactions per day. -It is still below Jan 2019 levels.On forums, people are complaining about transactions that are stuck for several days, and are trying to speed it up by RBF or child pays for parent by making a new transaction with a much larger fees... Although Bitcoin searches on Google Trends is much below the Dec 2017 peak

Submitted October 31, 2020 at 10:36AM

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