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April 28, 2018, 03:28:29 PM |
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Pretty much. Let's say for example, the average transaction fee right now is BTC0.00007; and the current price is $9000.
$9000 * BTC0.00007 = $0.63 in fees
now let's say, the current price is $20k.
$20,000 * BTC0.00007 = $1.4 in fees.
So, yes. If we're talking about fees in fiat form, then the higher the price of bitcoin, the higher the fees. Assuming that the mining difficulty and number of unconfirmed transactions is the same for both scenarios/examples.
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