Bitcoin miner revenues have declined to their lowest point in two months, driven by reduced transaction fees and a fall in Bitcoin prices. Despite this revenue drop, miners have significantly decreased their selling activity, with Bitcoin outflows from miner wallets at much lower levels than earlier in the year. The network's hashrate has also dipped, yet miners show resilience by accumulating BTC reserves rather than liquidating holdings. This trend indicates confidence in long-term price recovery despite current market challenges.
Continue to read Bitcoin Miner Revenues Reach Two-Month Low but Selling Remains Limited Amid Market Volatility
Bitcoin miner revenues have declined to their lowest point in two months, driven by reduced transaction fees and a fall in Bitcoin prices. Despite this revenue drop, miners have significantly decreased their selling activity, with Bitcoin outflows from miner wallets at much lower levels than earlier in the year. The network's hashrate has also dipped, yet miners show resilience by accumulating BTC reserves rather than liquidating holdings. This trend indicates confidence in long-term price recovery despite current market challenges.
Continue to read Bitcoin Miner Revenues Reach Two-Month Low but Selling Remains Limited Amid Market Volatility
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