Bitcoin
$38,022.18+2.94%
Ethereum
$2,054.01+2.73%
Binance Coin
$228.88+1.80%
XRP
$0.61082809+2.19%
Solana
$58.44+7.95%
Cardano
$0.38506463+3.84%
Dogecoin
$0.08090293+5.02%
Tron
$0.10354758+2.60%
Toncoin
$2.45+0.13%
Chainlink
$14.59+5.41%
Avalanche
$20.83+5.72%
Polygon
$0.75159025+2.78%
PlayIconNav
Crypto Prices CoinDesk Market Index CoinDesk Market Index

Bitcoin Falls Below $27K; Bitcoin Fees Surge Amid BRC-20 Frenzy

May 11, 2023

Bitcoin (BTC) miners, battered by the brutal crypto winter of 2022, are racking up record revenue as transaction fees on the network have soared to their highest levels in two years.

  • Up Next
    Ledger CTO on Seed Phrase Recovery Service; Bitfarms Reports Q1 Earnings
    18:38
    Ledger CTO on Seed Phrase Recovery Service; Bitfarms Reports Q1 Earnings
    May 16, 2023
  • Bitcoin Holds Above 200-Week Average as Dollar Index Jumps Most Since February
    09:35
    Bitcoin Holds Above 200-Week Average as Dollar Index Jumps Most Since February
    May 15, 2023
  • Bitcoin Touches Lowest Level Since March; Fedi CEO on Raising $17M
    22:44
    Bitcoin Touches Lowest Level Since March; Fedi CEO on Raising $17M
    May 12, 2023
  • Strike CEO on Lightning Network; Bitcoin Seesaws After April CPI Data
    22:39
    Strike CEO on Lightning Network; Bitcoin Seesaws After April CPI Data
    May 10, 2023
    • Hosts
    Christine Lee
    Christine Lee
    Christine Lee is an anchor and producer at CoinDesk. Previously, she anchored live daily market updates and reported business news features for television stations around the world at Thomson Reuters. She first began covering cryptocurrencies at Bloomberg TV Canada.
    Related Price
    View All
    | XBX

    Bitcoin Price Index XBX

    The CoinDesk Bitcoin Price Index (XBX) is the world’s leading reference for the price of bitcoin, used by the largest institutions active in crypto assets. It is the crypto market standard, benchmarking billions of dollars in registered financial products and pricing hundreds of millions in daily over-the-counter transactions. Built for replicability and reliability, in continuous operation since 2014, the XBX is relied upon by asset allocators, asset managers, market participants and exchanges. The XBX is the flagship in a portfolio of single- and multi-asset indices offered by CoinDesk.

    Learn more on

    CoinDesk Indices

    Logo of BTC
    BTC
    Bitcoin
    $38,022.18
    2.94%
    Logo of ETH
    ETH
    Ethereum
    $2,054.01
    2.73%
    Logo of BNB
    BNB
    Binance Coin
    $228.88
    1.80%
    Logo of XRP
    XRP
    XRP
    $0.61082809
    2.19%
    Logo of SOL
    SOL
    Solana
    $58.44
    7.95%
    Logo of ADA
    ADA
    Cardano
    $0.38506463
    3.84%
    Logo of DOGE
    DOGE
    Dogecoin
    $0.08090293
    5.02%
    Logo of TRX
    TRX
    Tron
    $0.10354758
    2.60%
    Logo of TON
    TON
    Toncoin
    $2.45
    0.13%
    Logo of LINK
    LINK
    Chainlink
    $14.59
    5.41%

    Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to coindesk.consensus.com to register and buy your pass now.

    Chevrone Right Icon
    Chevrone Right Icon

    Binance Founder CZ Must Remain in U.S. for the Moment; Crypto Giving Tuesday
    Binance Founder CZ Must Remain in U.S. for the Moment; Crypto Giving Tuesday
    Nov 28, 2023
    Binance to Pay $4B to Settle U.S. Criminal Case; Changpeng 'CZ' Zhao Resigns as CEO, Pleads Guilty
    Binance to Pay $4B to Settle U.S. Criminal Case; Changpeng 'CZ' Zhao Resigns as CEO, Pleads Guilty
    Nov 22, 2023
    Kraken Accused of Operating Unregistered Platform by SEC; CBDC Exploration Around the Globe
    Kraken Accused of Operating Unregistered Platform by SEC; CBDC Exploration Around the Globe
    Nov 21, 2023
    Former Twitch CEO Tapped as New OpenAI Chief; Crypto Friendly Javier Milei Wins Argentine Presidency
    Former Twitch CEO Tapped as New OpenAI Chief; Crypto Friendly Javier Milei Wins Argentine Presidency
    Nov 20, 2023
    Bitcoin's Roller Coaster Week; State of Web3 Gaming in 2023
    Bitcoin's Roller Coaster Week; State of Web3 Gaming in 2023
    Nov 17, 2023
    GOP Presidential Candidate Vivek Ramaswamy Unveils Crypto Plan; Bitcoin Bounces
    GOP Presidential Candidate Vivek Ramaswamy Unveils Crypto Plan; Bitcoin Bounces
    Nov 16, 2023
    Fake BlackRock XRP Filing Referred to State Justice Officials; State of Stablecoins
    Fake BlackRock XRP Filing Referred to State Justice Officials; State of Stablecoins
    Nov 15, 2023
    Fake BlackRock XRP Filing Spoofs ETF Watchers; October Inflation Data Is Out
    Fake BlackRock XRP Filing Spoofs ETF Watchers; October Inflation Data Is Out
    Nov 14, 2023
    Bitcoin Rallies Over 100% Year-to-Date; Tax Week 2023
    Bitcoin Rallies Over 100% Year-to-Date; Tax Week 2023
    Nov 13, 2023
    Ether Tops $2K on BlackRock’s ETF Plans; Bitcoin Breaks Above $37K Again
    Ether Tops $2K on BlackRock’s ETF Plans; Bitcoin Breaks Above $37K Again
    Nov 10, 2023