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coinpedia 2024-09-02 12:21:21

Bitcoin Miners Face Toughest Revenue Drop in 11 Months: Is a Major Sell-Off Looming?

The post Bitcoin Miners Face Toughest Revenue Drop in 11 Months: Is a Major Sell-Off Looming? appeared first on Coinpedia Fintech News Bitcoin miners experienced their worst revenue month in nearly a year during August, marking the lowest earnings since September 2023. Miner’s revenue plummeted by 57% from the peak of 2024, raising concerns about potential future sell-offs in the Bitcoin market. Meanwhile, stablecoin exchange inflows are nearing all-time lows, adding more pressure on Bitcoin’s price. Bitcoin …

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