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Forget Bitcoin; This miner is outperforming BTC sixfold

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On March 24, Bitcoin (BTC) is spearheading what appears to be a cryptocurrency market resurgence after weeks of turbulence and stagnation. Specifically, on Monday, BTC soared 2.46% to its press time price of $88.142. BTC 1-day price chart. Source: Google The rally was the extension of a greater rise that started on Sunday, March 23, and kicked off with the world’s premier cryptocurrency changing hands at about $84,000. For the excitement in the digital assets market, its primary stock market extension, a selection of blockchain companies have been making even grander moves. Picks for you If you invested $1,000 in XRP at the start of 2025; Here’s how much you’d have now 56 mins ago XRP adds $100 billion to its market cap in a year ...

Bitcoin miners scooped $100 million for record daily revenue

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Bitcoin (BTC) miner s have achieved a new revenue milestone from validating transactions, following the 2024 halving. As Bitcoin fees surge, these miner s are making high earnings, sparking discussions about the future dynamics of the network. Following the recent Bitcoin halving on April 20, 2024, miner revenue surged to an all-time high of $106.7 million , with 75.444% of it stemming from network transaction fees. This highlights a pivotal shift in miner compensation strategies post-halving. Percent Miner Revenue from Fees. Source. Glassnode Surge in revenue amidst reduced block rewards The recent halving, which took place on April 20, 2024, drastically reduced the block reward from 6.25 to 3.125 Bitcoin. This strategic adjustment is designed to slow the increase of the total Bitcoin supply, which is capped at 21 million coins. Picks for you SHIB key support and resistance levels to watch this week 3 mins ago Buy signal for two strong cryptocurrencies this ...