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Cryptorank

Bitcoin Miner Revenues Climb to $51.6 Million Daily, Still Below Record Highs


by Coin Edition
for CoinEdition
Chart showing Bitcoin (BTC) miner revenue and exchange inflows trending up but below historical cycle peaks, with price graph in background.
  • Miners now earn $51M daily, still below previous cycle highs.
  • Bitcoin inflows to exchanges doubled, showing rising miner selling pressure.
  • Network activity remains strong, with room left for further growth.

The Bitcoin market continues to hold steady with rising miner revenues and exchange inflows pointing to growing network activity. However, these key metrics have not yet hit the levels seen at previous cycle peaks. According to recent data shared by a market analyst, Bitcoin miners are currently earning around $51.6 million per day. 

While this figure is impressive, it still remains below the historical peak revenue levels of over $80 million per day, last seen during previous market tops. This hints that while the network is highly active, there’s still room for mining revenue to climb further before rea…

The post Bitcoin Miner Revenues Climb to $51.6 Million Daily, Still Below Record Highs appeared first on Coin Edition.

Read the article at CoinEdition

Read More

All Eyes on the $108,900 Level as Bitcoin Enters Final Stretch to New ATH

All Eyes on the $108,900 Level as Bitcoin Enters Final Stretch to New ATH

Bitcoin’s recent price action signals that a major move may be on the horizon. After ...
XRP Echoes Bullish Pattern That Came Ahead of BTC Price Breakout to $100K

XRP Echoes Bullish Pattern That Came Ahead of BTC Price Breakout to $100K

The current XRP market situation mirrors bitcoin's chart before its late 2024 surge f...

Bitcoin Miner Revenues Climb to $51.6 Million Daily, Still Below Record Highs


by Coin Edition
for CoinEdition
Chart showing Bitcoin (BTC) miner revenue and exchange inflows trending up but below historical cycle peaks, with price graph in background.
  • Miners now earn $51M daily, still below previous cycle highs.
  • Bitcoin inflows to exchanges doubled, showing rising miner selling pressure.
  • Network activity remains strong, with room left for further growth.

The Bitcoin market continues to hold steady with rising miner revenues and exchange inflows pointing to growing network activity. However, these key metrics have not yet hit the levels seen at previous cycle peaks. According to recent data shared by a market analyst, Bitcoin miners are currently earning around $51.6 million per day. 

While this figure is impressive, it still remains below the historical peak revenue levels of over $80 million per day, last seen during previous market tops. This hints that while the network is highly active, there’s still room for mining revenue to climb further before rea…

The post Bitcoin Miner Revenues Climb to $51.6 Million Daily, Still Below Record Highs appeared first on Coin Edition.

Read the article at CoinEdition

Read More

All Eyes on the $108,900 Level as Bitcoin Enters Final Stretch to New ATH

All Eyes on the $108,900 Level as Bitcoin Enters Final Stretch to New ATH

Bitcoin’s recent price action signals that a major move may be on the horizon. After ...
XRP Echoes Bullish Pattern That Came Ahead of BTC Price Breakout to $100K

XRP Echoes Bullish Pattern That Came Ahead of BTC Price Breakout to $100K

The current XRP market situation mirrors bitcoin's chart before its late 2024 surge f...