đ Bitcoin (BTC) enthusiasts, rejoice! đ
Bitcoin miners are seeing a surge in profitability, thanks to BTC's recent rally to the $69,000 range. This uptick has led to a recovery in the Bitcoin network hashrate, now just 3% below its all-time high. đ
CryptoQuant reports that the hashrate recovery, often linked to sustained price rallies, has boosted miner revenues by 50%, reaching $32 million daily. This means less selling pressure from miners, as they no longer need to offload BTC to cover costs. đ°
Interestingly, larger mining entities are accumulating BTC, while smaller ones are selling. Big miners now hold 65,000 BTC, up from 61,000 earlier this year. đ
Stay tuned, BTC's future looks bright! đ