One of the largest BitPay online payment processing platforms, BitPay, announced that it will not process transactions under $ 100 due to the rapid rise in the bitcoin transaction charges.
No transactions over $ 100 anymore
Over the past few months, the volume of "mempool" has increased to more than 100 million bytes. As the number of users, the average transaction value per day, user activity increased to double the fold. As a result, due to the failure of the segwit update and the fixed block size(1 MB), the average transaction fee for bitcoin exceeded $ 30.
I just sent a bunch of bitcoin for a $1 tx fee. It is not the norm but is possible.
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