Cautious optimism in Bitcoin miner activity as accumulation tentatively continues Andjela Radmilac · 2 weeks ago · 3 min read
Mining revenue stays above average offering fertile ground for Bitcoin miners.
3 min read
Updated: September 26, 2023 at 2:21 pm
Cover art/illustration via CryptoSlate
In the dynamic world of Bitcoin mining, trends suggest a blend of caution and optimism. Despite selling more Bitcoin than mined in September, overall miner balances have seen a surprising uptick. But what could be the reason behind miners not parting with all their newly minted coins? Transaction fees have also significantly risen this month, indicating a surge in transaction demand. But is this due to a bustling market or network congestion? The answers to these pressing questions may hold the key to future Bitcoin market movements, available exclusively in…