As Bitcoin Reaches New Price Highs, Network Congestion and Fees Spike – Bitcoin News

The straw that broke camels back. 

As Bitcoin price soars, more investors are joining the bandwagon. Unfortunately Bitcoin blockchain is facing performance issues that is causing transaction confirmation delays and rising transaction fees.  Currently there are 26000 unconfirmed transactions and transaction fees sitting at around $5-$10.  With such high transaction fees the main reason behind Bitcoin seems to be loosing ground.