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CoinOtag 2024-06-08 10:16:06

OKX Wallet Consolidation Causes Major Bitcoin Network Congestion, Spiking Fees to $52

The Bitcoin network is currently experiencing severe congestion, leading to significant increases in transaction fees. The congestion problem has been exacerbated by multiple factors, including recent halving events and power outages in major mining areas. One of the major contributors to the congestion and fee spike is the cryptocurrency exchange OKX, which has been consolidating

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