Bitcoin miner holdings begin to increase. Miner revenue generated surges as well. Optimism is shared by traders, majority of which, have gone long on BTC.
Bitcoin miners show faith in Bitcoin as their BTC holdings start to grow. Revenue generated rises, however, the difficulty rises alongside.Due to the extremely volatile nature of the price of
The fact that miners have been able to increase their holdings by acquiring additional BTC suggested continued confidence in the cryptocurrency. This can be seen as a positive indicator for the broader Bitcoin market, as it signifies ongoing interest and support from miners who play a crucial role in securing and maintaining the Bitcoin network.The rising miner revenue also contributed to the positivity showcased by miners.
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