{"id":"tp-11989","type":"article-newspaper","title":"Bitcoin Network Fees Skyrocket to Nearly $52 Amid Severe Transaction Backlog","author":"Sheena Jordan","publisher":"TOKENPOST Inc.","url":"https://www.tokenpost.com/news/business/11989","datePublished":"2024-06-10T02:09:21.000Z","dateModified":"2024-06-10T02:09:21.000Z","language":"en","abstract":"Bitcoin network transaction fees soared to nearly $52 on June 7, driven by over 332,000 unconfirmed transactions, causing significant congestion and delays in processing. Bitcoin Network Faces Temporary Congestion wit…","section":"Business","references":[{"title":"Cointelegraph","url":"https://cointelegraph.com/news/bitcoin-network-transaction-fees-temporarily-soar-to-nearly-52?fbclid=IwZXh0bgNhZW0CMTAAAR2f30_3yxai9UoAZ70fOF5jKLcltWVM1Ok9BkzjUP3YyUcgOCdZS_QNkEU_aem_AXopLIIj5lvf7uHGVrwBGCz_qDo3leYnkQ7K8-aveUJ5g2j1-4bdVgoKQlPFihM9VWJGuumoloWY2Xhli10b2Y1c"},{"title":"Colin Wu","url":"https://x.com/WuBlockchain/status/1799096097920737784"},{"title":"$2.7 billion","url":"https://cointelegraph.com/news/2-7-billion-worth-electricity-spent-bitcoin-mining-us-2024"},{"title":"Microsoft Bing","url":"https://www.bing.com/images/create/bitcoin-network-fees-skyrocket-to-nearly-2452-amid-/1-6663bb10c00f46e286650a7553b6716d?id=ILm1wbzIpgoaBnjAySHAHQ%3d%3d&view=detailv2&idpp=genimg&thId=OIG4.ztwlAd5yFFJdhSYtG_lf&FORM=GCRIDP&mode=overlay"},{"title":"TokenPost","url":"https://www.tokenpost.com"}]}