Just tried to send or convert BTC to another wallet, and my Trust Wallet has said this transaction will cost about $20 USD. When did BTC fees begin to skyrocket? I don't remember seeing BTC transfer fees this high before. Perhaps I'll wait until after the Thanksgiving Holiday and the Bitcoin markets might settle down a bit.
The only other question I have is the reason why the recent fee surge. Could this be the recent Binance settlement, with investors trying to move their funds out of Binance that's causing the fee spike? The only other thing I could think of is the price of Turkeys for Thanksgiving has skyrocketed over the last couple of years (along with everything else). And Joe desperately needa to offload some BTC to actually buy that 18lbs. turkey ???? so mama's happy. Anyone else have any ideas on the BTC gas fees hike?
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