🔸 According to data released by the IntoTheBlock platform, the share of Bitcoin (BTC) miners’ transaction volume has dropped to less than 5% of total network transactions.
🔸 The decline, which is below the 2017 low, follows a temporary spike late last year.
🔸 Analysts point to two main reasons for the decline: an overall increase in network activity and the influx of new capital, which has reduced the relative share of miners, and a decrease in mining rewards during each halving period, which has led to a decrease in the amount of capital available to miners.
🔸 This downward trend has also been observed in previous bull market cycles and may signal a change in the pattern of miners’ activity.
#AIXBT,COOKIE,CGPTOnBinance #NFPCryptoImpact #DOJBTCAuction #ShareYourTrade #writetoearn