Bitcoin successfully undergoes halving, mining revenues peak at $107.7M

#Bitcoin mining revenue hit a record high of $107.7 million on the day of the fourth Bitcoin #halving . More than 3,000 investors vied for space on block 840,000, spending 37.7 BTC (worth $2.4 million) in fees alone. The surge in fees was driven by the rush to etch rare satoshis on the halving block, notably through the Runes Protocol. Despite the record revenue, average transaction fees sharply dropped to $8–$10 the day after reaching a peak of $128.

$BTC