Bitcoin reached an all-time high this week but it's not what you think
5 min readDec 10, 2023
Bitcoin price has been soaring last 8 weeks and has returned more than 150% per year so far. But, still, it has yet to reach an all-time high. However, Bitcoin reached an all-time high network fee collected this week and is comparable to Ethereum network fees.
Bitcoin transactions reached a cost of over 350 satoshis per vByte (sat/vB) recently. A vByte is a measure of block weight and transactions, with one vByte equal to four weight units and Satoshi is the smallest denomination of Bitcoin available (…