BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home BREAKING NEWS

Bitcoin’s Transaction Fees Outshine Ethereum in $11.6 Million Surge

by BlockNews.com Team
November 17, 2023
in BREAKING NEWS, CRYPTO, FEATURED
Reading Time: 2 mins read
A A
#image_title

#image_title

1
SHARES
20
VIEWS
Share on XShare in TelegramShare on Reddit
  • Bitcoin’s daily transaction fees surpassed Ethereum’s for the first time since late 2020, reaching $11.6 million versus Ethereum’s $8.4 million.
  • This marks a shift in the daily fee dynamics between the two largest cryptocurrencies.
  • However, Ethereum still leads in weekly average fees at $9 million versus Bitcoin’s $5.5 million, as Ethereum processes more transactions overall.

Bitcoin‘s daily transaction fees have exceeded Ethereum’s for the first time since late 2020. This marks a shift in the fee dynamics between the two largest cryptocurrencies.

Bitcoin’s Fee Surge

Bitcoin’s transaction fees reached $11.6 million in a single day according to Cryptofees. This is the first time Bitcoin’s fees have surpassed Ethereum’s daily fees since 2020.

In comparison, Ethereum’s daily transaction fees were $8.4 million, slightly lower than Bitcoin’s. However, when looking at a 7-day average, Ethereum still leads with $9 million in average fees versus Bitcoin’s $5.5 million.

Ethereum’s Ongoing Dominance

While Bitcoin’s daily fees have overtaken Ethereum’s, Ethereum still maintains the upper hand for weekly average fees.

🚨 NEWS: #Bitcoin transaction fees soar to $11.6 million in a day

Surpassing Ethereum's daily fees of $8.5 million.

This marks $BTC's highest fee surge since late 2020. pic.twitter.com/CRYDtOjHLZ

— BlockNews.com (@blocknewsdotcom) November 17, 2023

Ethereum has been processing more transactions than Bitcoin, contributing to its higher 7-day fee average. This new trend of Bitcoin surpassing Ethereum’s daily fees warrants ongoing observation regarding potential long-term implications.

Conclusion

Bitcoin exceeding Ethereum’s transaction fees marks a slight shift in daily fee dynamics between the two largest cryptocurrencies. However, Ethereum still processes more transactions overall, maintaining its lead in weekly average fees. Continued monitoring of this emerging trend will reveal if it leads to any lasting changes in the fee structures.

Tags: BitcoinBlockchaincryptoethereumWeb3
TweetShareShare
Previous Post

German Lawmaker Cotar Pushes for Bitcoin as Legal Tender

Next Post

Ripple Exec Challenges SEC’s Gensler on ‘Shady’ Crypto Policies

DON'T MISS THESE! HOT OFF THE PRESS

Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules
CRYPTO

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Connecticut Bans Bitcoin and Crypto for Government Funds
BITCOIN

Connecticut Bans Bitcoin and Crypto for Government Funds

July 1, 2025
Shiba Inu: Turning $3,000 into $10,000 – The Math Behind the Meme
CRYPTO

Shiba Inu: Turning $3,000 into $10,000 – The Math Behind the Meme

July 1, 2025
FARTCOIN Surges 148%—Is the Meme Just the Beginning?
CRYPTO

FARTCOIN Surges 148%—Is the Meme Just the Beginning?

July 1, 2025
Load More

Related News

Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Donald Trump Threatens Elon Musk with DOGE Audit

Donald Trump Threatens Elon Musk with DOGE Audit

July 1, 2025
Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.