Bitcoin price reaches $ 9,000 and miners’ earnings drop 47% in one day

The price of Bitcoin (BTC) again reached $ 9,000 on May 13While new data has shown how much money miners lose after the third halving.

According to Coinmarketcap, Bitcoin’s market cap is currently $ 165,426,895,857.

Daily overview of the cryptocurrency market

Bitcoin price reaches $ 9,000 and miners’ earnings drop 47% in one day
Bitcoin price reaches $ 9,000 and miners’ earnings drop 47% in one day

Daily summary of the cryptocurrency market. Source: Coin360

The Bitcoin price remains stable despite major changes due to the halving

The data from Cointelegraph Markets and CoinMarketCap record the behavior of the BTC / USD pair when rose to hit the $ 9,000 level Once again on Wednesday after two days there was no noticeable movement.

Support above the $ 8,000 range is still not visible after that cut in halfWhich This was preceded by a sudden drop in Bitcoin prices that currently reached the 200-day moving average, that is, about $ 8,200.

Bitcoin 1-day chart

Bitcoin chart for 1 day. Source: CoinMarketCap

“”The volatility of the Bitcoin price is decreasingWhat fits old coins, as some are recovering, “summarized the analyst from Cointelegraph, Michaël van de Poppe.

The path to financial security is commission-based

Meanwhile, the effect of the event is for Miners became clearer when the data confirmed it on May 12, revenue decreased 47%.

Compared to $ 17.16 million in block premiums and transaction fees the previous day, the total was $ 8.95 million on Tuesday, according to figures from blockchain resource monitoring.

1-month bitcoin miner earnings chart

Graph of Bitcoin mining income for a month. Source: Blockchain

Comments on the changes, Mario Gibney, Head of Customer Service at Blockstream, wrote on Twitter:

The first #bitcoin Tier 4 mining reward is 7.16 BTC (6.25 subsidies per block + 0.91 for commissions).. That means 12.7% is made up of the transaction fee. Is it a reference to the brave new world of commission-based security that we are venturing into?

This is suggested by the consensus Bitcoin transaction fees need to increase over time Adjust the increase in demand and the premium for secure and verifiable financial transactions.

Currently, commissions as a percentage of miner payments are still far from last year’s levels – when Bitcoin’s price reached $ 13,800 – as the total number of transactions is lower.


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