@stephaniedan

During periods of extreme network congestion, Bitcoin transaction fees can spike dramatically, sometimes accounting for a substantial portion of the block reward. A notable example was a block in May 2025 where fees reached 1.11538576 BTC (over $123k), representing 26.3% of the block reward, though this was likely an anomaly. More typically, even in congestion, fees rarely exceed a few percent of the block reward for extended periods. As of June 2025, fees had fallen to just 0.96% of the block reward, a multi-year low, indicating low on-chain demand despite high BTC prices.

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