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Total Bitcoin fees have decreased by 18% this week

Total Bitcoin fees have decreased by 18% this week

Bitget2024/07/12 11:01

Total Bitcoin fees have decreased by 18% this week, following a 27% drop from the previous week.

Weekly fees have now reached their lowest level since November 2023.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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The Federal Reserve's overnight reverse repurchase agreement (RRP) usage was $756.1 million on Friday.

Data: In the past 24 hours, total liquidations across the network reached $288 millions, with long positions liquidated for $163 millions and short positions for $125 millions.

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