Dropped below $ 1 for the first time | Bitcoin Transaction Fees Crisis ended temporarily

Last December, bitcoin trading was once as high as $ 34, or $ 34 per user on average. With such a high transaction fee it was almost fatal to crack down on small transactions, Valve announced in the same month that it would stop Bitcoin is being supported for payments, and many businesses switch to other alternative digital currencies with lower transaction costs, but bitcoin transaction fees dropped below $ 1 for the first time since September last year.

Why is the transaction fee going down? One reason is thought to be the gradual cooling of the bitcoin bubble, when Bitcoin's currency dropped to $ 6,000 at the beginning of this month and has now risen to $ 11,000, but at least it has slowed its fanatical demand for speculative purposes Decline, so transaction fees also fell.

The question is whether this will continue, and the Bitcoin community is currently developing a new payment network called Lightning that can significantly expand the capacity of Bitcoin networks by shifting the most common transactions to the blockchain.