The battle between Bitcoin and Bitcoin Cash that blew up with a vengeance a couple days ago is having an impact on more than just the price of the coins.

With hashing power now moving back and forth between the coins we're seeing Bitcoin's mempool (or number of pending transactions) at levels that are creating transaction fees approaching $20 if you want to see the transaction occur in a reasonable time frame.

Bitcoin Transaction Fee Chart

Popular crypto wallet, Exodus, even issued a warning to it's users during the peak of the craziness over the weekend that fees were ranging from $25 up to $100.

It's been interesting to watch how the miners have moved between the coins. The majority of the overall hashrate moved over to Bitcoin Cash briefly as the major push and pump occurred over the weekend but it has now dropped significantly back down to it's prior levels as it the majority of the hashrate has moved back to Bitcoin.

Bitcoin and Bitcoin Cash Hashrate Graph

We should start to see these fees come back down as the transactions clear out now that the majority of the hashrate is back on Bitcoin, if it stays at the current rate that is. There's definitely a lot to learn from this weekend though. Mainly it's clear to see how vulnerable Bitcoin is when hashrate starts dropping and the battle with Bitcoin Cash is far from over.

I think one thing we can all agree on though is that these kind of transaction fees are definitely not good for the long term health of Bitcoin.