The revenue of Bitcoin (BTC) miners reached its highest level after 1 year.
Bitcoin mining revenue continued its upward streak in May. $916.2 million reached. Compared to last month 13.7% increase living mining income, Since May 2022 has reached its highest level. According to the data 916.2 million dollar income from $120 million more transaction fees created.
Mining return Terra (Luna) the collapse of May 2022in 908 million was around the dollar, but the curve in mining revenue at that time was this year’s May On the contrary, it was bearish. In addition 6 months up Continuing its streak, mining income is expected to increase in November 2022 $462 million since the level around 2 floors increasing 916 million dollars reached the band. Especially if it is one of the most important factors of the income increase in the last month. BRC-20 token it was a frenzy.
Ordinals NFTs with the trend starting with and extending to the BRC-20 trend. The density on the network has increased and the number of transactions aggressive rise users than usual excess transaction fee caused the payment. At the beginning of May, the transaction traffic on the network had reached such a point that Binance, Bitcoin deposit-withdrawal It had to decide to suspend its operations for a short time.
On the other hand, this network intensity And mining increase in revenue as a recovery signal by market analysts. being interpreted. Use this type of data to show that investors are getting active again and starting new uptrends. playing an active role it reveals. CEO who made a statement on the days when Binance stopped Bitcoin transactions Changpeng Zhao (CZ)This bull pauses of the market natural described as problems.