A Bitcoin user mistakenly paid over $105,197 to transfer $10 worth of BTC, raising eyebrows in the digital asset community. The hefty fee was collected by MARA Pool, leaving industry experts puzzled. This transaction highlights the importance of relying on automatic fee estimators to avoid such costly errors.

The average cost of a BTC transfer was $0.91 at the time, making the $105,197 transfer an anomaly. Errors like these occur when users manually adjust wallet settings, sending excess amounts to miners. This incident comes amid significant events in the Bitcoin market, including a $1 billion transfer triggering speculation of institutional accumulation.

Despite recent volatility, Bitcoin is trading around $105,000 following the U.S. Senate’s draft crypto market bill release. A market analyst suggested Bitcoin may have hit a bottom at $98,000. Cathie Wood maintains a $1 million price target for Bitcoin, citing the ongoing growth of stablecoins exceeding $300 billion in market value.

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Read more at Yahoo Finance: Bitcoin User Accidentally Pays Over $105K To Send Just $10