❓ASK – Bitcoin transaction fees depend upon market volatility | Proxies-free

My transaction was held up from the last few weeks is confirmed today only. I carried out the Transaction with low fees around 2 satoshi per byte. But the market volatility was high at that moment, so the bid for carrying out confirmation was high, due to which fees was also high.

But as of now, the fees is only 2 sat per byte. The reason behind is the unconfirmed transaction is very less now. So the fees also cooperatively low now. That’s why, the fees is directly linked to volatility.