Bitcoin miners beat 2017 record, earning $ 354 million in a week
According to Coin Metrics, the total revenue of Bitcoin miners over the past week was $ 354.4 million, which is a new record.
The previous high was recorded in December 2017, when total revenue reached $ 340 million.
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Network data shows that miners mined roughly $ 300 million worth of BTC coins last week, and the rest came from rising transaction fees. That being said, according to a Glassnode report, they began to return to digital asset accumulation in February.
Reaching record levels of post-halving earnings is encouraging for long-term investment in the business, analysts say. A decrease in the supply of bitcoin to the market may also indicate preparations for further growth in the course.
At the same time, Glassnode notes that while miners collect coins, investors continue to actively take profits and redistribute their assets.
, Shutterstock, graphics: Coin Metrics, Glassnode