Miner Earnings from Bitcoin Fees Drop 90% from Peak of BRC-20 Frenzy

05/29 18:20

According to Glassnode, Bitcoin miners' revenue from transaction fees has decreased by 90% since the BRC-20 frenzy peak, from $17.8 million per day to $1.7 million per day as of May 29, 2023. However, current levels are still within historical levels, with only 6.7% of BTC trading days having seen greater fees. In 2018, transaction fees were higher than recent highs only on two trading days. Bitcoin mining is a crucial element of the flagship cryptocurrency's network operations, and miners earn from the set subsidy as well as transaction fees.
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