📉 Bitcoin miner revenue from transaction fees has taken a nosedive, now making up 35% of total income, down from a whopping 75% on April 19. What's the scoop? 🧐

- The 4th Bitcoin halving event slashed miner block rewards by half to 3.125 BTC, causing daily issuance to fall from 900 BTC to 450 BTC. 💰

- On halving day, miner revenue spiked to $100M, thanks to a surge in transaction fees. The Runes protocol played a significant role in this spike. 🚀

- However, within 24 hours, transaction fees returned to lower levels and have stayed there. Total miner revenue now hovers around $50M. 😮

Despite the dip in transaction fees and BTC struggling to breach $64K, it's too early to predict the long-term effects of the halving on the network hashrate. Miners seem to be holding their ground.

What are your thoughts on this? Will the lower transaction fees force some miners to quit? Let's chat in the comments! 💬 #Bitcoin #CryptoNews #DeFi