The average transaction fee on the Bitcoin blockchain has remained below $2 since July 1, the lowest level since October 2023. According to bitinfocharts.com data, the average fee for a transaction is 0.000026BTC or $1.54, which is equivalent to 15.5sat/vB. The lower fees and the lower price of BTC have led to a significant drop in the hash price, which refers to an estimate of the hash value of 1 petahash per second (PH/s). Currently, the hash price is below $50 at $48.62 per petahash, indicating that Bitcoin miners are still under significant pressure.