The bitcoin price has increased tremendously and so the transaction fees are also on the same rocket. The transaction fees of bitcoin are rising at a frantic pace after the bull in the crypto market. In last week, the price of bitcoin broke ATH and went above $23100. Within 5 days the average bitcoin transaction fee went from $2.71 on Dec. 13, 2020, to $11.9 on Dec. 18, representing a 439% increase.