Bitcoin median fees reach 14-month high of $2.32

Bitcoin daily median fee reached $2.32 on Wednesday as the mempool reached 70.9k unconfirmed transactions at 4:45pm ET. The last time median transaction fee was as high was on February 24, 2018. A rise in unconfirmed transactions as well as an increase of median fees signals larger demand for transacting bitcoin.

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Larry joined crypto research full time in early 2017 and has expertise in capital markets, market structure and early stage DeFi companies/protocols and token economics. He has a background in economics and finance.