Bitcoin network faces severe congestion with over 550K unconfirmed transactions

Mempool data shows the Bitcoin network facing severe congestion, with more than 550K awaiting confirmation. Further, transaction fees climbed to above 20 sat/Vb (satoshis per virtual byte). Bitcoin congestion deteriorates the market sentiment Experts attribute this issue to the latest Bitcoin mining frenzy that has triggered hurdles confirming transactions. Mempool shows that the average block The post Bitcoin network faces severe congestion with over 550K unconfirmed transactions appeared first on Invezz .