Cautious optimism in Bitcoin miner activity as accumulation tentatively continues

Cautious optimism in Bitcoin miner activity as accumulation tentatively continues

Cautious optimism in Bitcoin miner activity as accumulation tentatively continuesCautious 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

Cautious optimism in Bitcoin miner activity as accumulation tentatively continues

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…

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