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Bitcoin network fees doubles as BTC closes in on $70K

  • Total network fees rose by over 100% in the past week.
  • Ordinals transactions contributed over $3 million in fees.

Bitcoin [BTC] has experienced an upward trend in the past week, and an increase in transaction fees has mirrored this surge.

However, the rise in fees cannot be solely attributed to the price surge; rather, it is also influenced by a slight increase in Ordinals transactions observed during the week.

How has the overall fee trend performed in light of the recent price rise?

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