The post Bitcoin Miner Revenue Soars Amid Transaction Fee Drop appeared first on Coinpedia Fintech News
Bitcoin miner revenue reached $33.57M on May 23, up 16.48% from $28.82M on May 7, steadily rising over the past few days. Despite this growth, transaction fees have plummeted to $1.5M, a significant drop from the peak of $25.67M on April 26. Bitcoin dominance has reached 52.9%. However, it faces a threat from the recently approved Ethereum ETFs, which could increase demand for Ethereum and boost its dominance in the crypto market. This revenue increase amid falling transaction fees highlights the shifting dynamics in the Bitcoin mining ecosystem.
