Bitcoin Miner Revenues Dip: What's Behind the Decline? 📉💰

Despite #Bitcoin holding strong above $55k, miner revenues have seen a dip since the March peak due to:

‱ Lower Transfer Demand 📉

‱ Declining Fees from Runes and Inscriptions đŸȘ™

‱ Reduced Fee Pressure 💾

Currently, miners are banking:

‱ $824M from Block Subsidies đŸ“„ (down 22% from its peak)

‱ $20M from #Transaction Fees đŸ’”

Is this a new trend or a temporary setback? The revenue might not match previous highs, but with Bitcoin price, #miners are still in a lucrative spot.

#BitcoinMining