BTC Transaction Fee Shoots 120x Amid Bitcoin Staking Spree

Bitcoin Hits Extreme Fear on Aug. 5 with $168M ETF Outflow

BTC fees increased due to the significant demand for Babylon Labs’ Phase 1 Bitcoin staking, which reached the maximum limit of 1000 BTC within hours. On Thursday, the Bitcoin transaction fee increased by an astonishing 120x, reaching 60 BTC, due to the Bitcoin staking mania on the Babylon platform . Nevertheless, the fees returned to […]