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Market Cap:
24h Vol:
Cryptocurrencies: 2843
Bitcoin Bitcoin Share: 46.61%
Markets: 64454
CoinGape
2022-06-06 20:59:09

Bitcoin Mining Revenue Tanks By 56%, Will BTC Miners Hold Or Sell?

Bitcoin Mining Revenue Tanks By 56%, Will BTC Miners Hold Or Sell?

On-chain analytics platform, Glassnode, reports In a newsletter that Bitcoin miners revenue has continued to drop, while production cost surges, as market condition stays bearish and long term holders suffer loss. BTC Miners add to selling pressure With the use of a market metric called The Puell Multiple, a valuation tool that calculates the ratio The post Bitcoin Mining Revenue Tanks By 56%, Will BTC Miners Hold Or Sell? appeared first on CoinGape.

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