That is quite high at the moment. It is because the spike in BCH price has tempted a lot of the mining hashrate to switch over. This will come to an end in just under 8 hours when BCH mining difficulty will increase by 400% making it twice as profitable to mine Bitcoin again.
If you want to see a nice graphic of the mempool (unconfirmed transactions) and transaction fees have a look here:
https://core.jochen-hoenicke.de/queue/#3mYou'll see although this is a big spike they have happened quite a few times in the past and then it has cleared out again.
Also, this site is good telling you what is going on with the miners switching from BTC to BCH and back.
https://fork.lol/pow/retargetOh cool, two new links to follow, thank you for that. I normally just use the charts from blockchain.info, which clearly shows that while the mempool is bloated now, steadily climbing since the last week, it is still yet to reach the extended peaks experienced in summer... with most of May and June holding above 100k transactions.
For now, we know that hash power is migrating like crazy, but once difficulty drops again (and it will, quite sharply), we're going to see a major easing off. These spikes don't tend to last long since it's pretty expensive to keep artificially inflating it like that.