Bitcoin fees, why are they stupid high?

[koohl]

Why did the fee to transfer BTC to one one wallet from another rise that much, it is stupidly high ??

 

[stronco]

Because block space is limited and the participants are willing to pay premiums to use the service.

Supply and demand.

 

[manukahoney]

Ordinals

 

[void]

the block space is scarce and this is the real free market - it's totally ok, expected and confirms the role of BTC
I'd expect it to go even higher and it's about time to think about UTXO consolidation if one did some rookie mistakes in the past