2024-07-03 07:00:00 ET
Summary
- The latest analysis of the Bitcoin ecosystem reveals Bitcoin miners increasing coin sales and shifting power to AI amid low profitability and market doldrums.
- As the market has re-considered the value of the power contracts, Bitcoin miners’ total market cap reached an all-time high in June.
- Daily mining revenue averaged $33.30 million last month, representing a 7% MoM gain, offering a slight reprieve after last month’s MoM decline.
The latest analysis of the Bitcoin ecosystem reveals Bitcoin miners increasing coin sales and shifting power to AI amid low profitability and market doldrums. ...
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For further details see:
VanEck June 2024 Bitcoin ChainCheck