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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin and Ethereum have started Dec. 18 in the red, down 2.53% and 3.67%, respectively. However, the newly launched Bitcoin Minetrix is outpacing other cryptos as its presale surges past $5.4 million. Bitcoin and Ethereum dip at local tops amid extreme transaction fees Bitcoin Ordinals took center stage recently, with the prices of related projects climbing astronomically. Meanwhile, ordinal-related activity on the Bitcoin Network has also been soaring, causing Bitcoin transaction fees to spike to an average of $37, according to BitInfoCharts. There have only been two times in history when Bitcoin fees have been higher, at the 2021 and 2018 bull run peaks. Bitcoin average transaction fee | Source: BitInfoCharts Consequently, data from Mempool.space shows that this has led to over 290,000 unconfirmed Bitcoin transactions ye...