Mining Fee/Fee Rate in Bitcoin Transaction in Electrum Wallet. What is Happenin?

[Agbe]

I don't know if this the right place to drop this thread. For over week now, the Mining Fee and the Fee Rate for the Sat/B for transaction of coins to another wallet over high. What is really happening in the blockchain? I was trying to made a transaction of 0.003 bitcoin but the change rate is too big that I could not made the transaction. I checking the fee within 4/4 hours to see if the price of the charging rate would come down but it couldn't. And I was thinking of the possible reason of the high hike of price.

This is the first I checked around 9pm on the 7th of May 2023.
Mining Fee: 0.000806 BTC
Fee Rate: 44.3 sat/B

Second rate within 4 hours interval
Mining Fee: 0.001273 BTC
Fee Rate: 454.6 sat/B

Third rate in the same period of time.
Mining Fee: 0.0013 BTC
Fee Rate: 522.1 sat/B

I was checking it because I am in dire need of cash.  It the fee is making me to be scared to make a transfer of the coin to an exchange for marketing. Why is it that the fee price is going up every second to scare people?

[Cantsay]

Yes, It's the right place to make the thread but we already have more than one threads discussing it already.
you might want to consider locking your thread and join in the discussion there as adding/creating new threads won't do any good as we already have more than enough. Check the list for some of the threads I could get just from the first page of Bitcoin discussion.

• [NEWS] 'Attack on Bitcoin’ Claims Circulate as Transaction Fees Climb Higher
• Is the Mempool under a DOS attack?
• The bitcoin blockchain is on its knees again
• Bitcoin network fee, worrying sign?
• What's with Bitcoin transaction fee?

Etcetera...