Bitcoin (CRYPTO: BTC) transaction fees have significantly decreased, reaching a five-year low, according to CryptoQuant analyst Julio Moreno. The drop comes after increased fees following the Bitcoin halving event and the launch of the Runes token standard, which initially caused a surge in transaction costs. Despite the Runes’ substantial activity on April 20, which saw a trader paying over $500,000 in fees for a single transaction, the average fees have plummeted. On Sunday, Moreno highlighted on X that the current average daily transaction fee on the Bitcoin network is lower than in late 20…