Bitcoin surge brings new hope to miners after months of slumping profits

2023-3-28 01:30

Increased block space demand on the BTC network has led to a rise in transaction fees. This has resulted in a jump in total miners' revenue.  The recent surge in the price of Bitcoin [BTC] The post Bitcoin surge brings new hope to miners after months of slumping profits appeared first on AMBCrypto.

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Bitcoin Miners Appear Not To Sell Or Care About Price, Is This Bullish?

Data from CryptoQuant suggests that Bitcoin miners might, after all, not care about price and all the fear, uncertainty, and doubt (FUD) in recent days. Bitcoin Miners Are Not Selling According to CryptoQuant’s Miners’ Position Index (MPI), a ratio between the total miner BTC outflows and the 365-day moving average of the same reading, Bitcoin miners have not been sending their coins to external addresses, typically exchanges.

2023-3-9 21:27