Bitcoin Fees Surge as Price Nears $106,000

Bitcoin transaction fees are rising alongside its price, indicating growing demand for its blockchain. On Sunday, Bitcoin's price nearly reached $106,000, slightly surpassing a May peak. Now trading around $104,500, fees have increased to a 2025 high with a seven-day average of $2.40. Interestingly, while fees rise, daily transactions have dropped by 35% since April 22. Bitcoin's illiquid supply hits a record high, hinting at potential price inflation due to reduced exchange availability. The Block remains independent despite its links to crypto ventures, providing unbiased crypto news.