The volatility of Bitcoin at $90,000 is no longer the same as at $60,000, 20 percent is $18,000 at the current level, when the corrections will appear, it is possible that they will seem terrible, although percentage wise it will not mean much
Bitcoin remains bullish, as long as it does not go below $85,000 the only expectation we can have is a new All time high. A strong move is likely to follow on Altcoins as well. Attention, the market is volatile, bitcoin is looking for a local top, the market is deceptive, it is preferable to avoid exposure in short positions!
The crypto market is in the chart, Bitcoin is yet to show what it can do, Ethereum has started to move, money has started to enter Altcoins, in theory we are very well, I repeat the fact that not everything booms at the same time, not all will. grows identically, many projects are still in the red, patience and no FOMO
#BTCMiningRevenue : October's Surge in Miner Earnings🚀💰
Bitcoin miners saw an impressive surge in revenue for October, reaching a staggering $1.02 billion. This 25% increase from the previous month brings BTC mining profits to the highest level since April 2024, driven largely by both block rewards ($975.22 million) and transaction fees ($44.78 million). As market dynamics evolve, let’s explore the factors behind this surge and what it means for the crypto ecosystem.
Why the Increase?
Bitcoin Price Momentum📈
With Bitcoin recently trading above critical resistance levels, miner profitability has naturally seen an uptick. Higher BTC prices translate directly into greater revenue from the block rewards miners earn, creating positive feedback loops in mining activity.
Transaction Fee Growth📊
The recent activity around Bitcoin ETFs, institutional adoption, and high-profile interest in crypto markets have contributed to an increase in transactions, driving up fees. This spike in transaction fees provided a boost to miners’ earnings, supplementing block rewards significantly.
Halving Anticipation🚧
Miners are capitalizing on current market conditions ahead of the expected halving in 2024, which will cut block rewards in half. October’s revenue surge could reflect miners’ preparations, as they aim to maximize earnings before reward reductions impact profitability.
Will This Trend Continue?
The continuity of this trend will likely depend on BTC’s price trajectory, market volatility, and the lead-up to the halving event. While mining is lucrative now, the halving could tighten margins. However, continued interest from institutional players and favorable market dynamics could help sustain, or even grow, miner revenues in the long term.
Are we looking at the start of a sustainable mining rally or just a pre-halving peak? Share your take below!👇📲
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Bitcoin had for 8 months a serious consolidation stage between $50,000 and $70,000, in theory this means that the top cannot be at $73,000! Usually after the top bitcoin falls aggressively, in 202q after the peak at 40 days it dropped about 45%, now it didn't do that!
The countdown has started, the American elections can have an immediate impact on the crypto market, in theory if Trump wins we are bullish, if he loses we don't know what will happen. Bitcoin has lost the area of 70,000$, I would say that it is not something serious, but I would not want to lose either 69k or 68k, this being very sensitive. Liquidity is down, many went long after btc crossed 70k