Bitcoin miner revenues dropped 22% in Q2, despite increase in transaction fees.

From Investing.com
July 23, 2024 7:44:01 AM:

Bitcoin has been consolidating since hitting an all-time high in March, with a breakout expected soon. Q2 saw a 10% drop in prices due to various factors, but U.S. spot BTC ETFs still attracted $2.4 billion in inflows. Q3 started rough but prices rebounded over $68,000 with positive momentum.

Despite production dropping after the halving, transaction fees to miners increased by 16.4% in Q2. Total miner revenues fell 22% as higher prices and fees couldn’t offset reduced block subsidies. The recent system outage highlighted the importance of a resilient, secure, decentralized system for Bitcoin.

Read more at Investing.com: Bitcoin miner revenues fell 22% in Q2, reports H.C. Wainwright By Investing.com