Bitcoin’s Price Volatility and Miner Earnings
In August, Bitcoin’s price fluctuated between $57,000 and $64,000, ending the month at $58,385. Despite the high value of Bitcoin earlier in the year, miners are facing their worst performance in nearly a year. The revenue generated from mining dropped to $820 million in August, marking a significant decline of over 10% from the previous month’s $927 million.·
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