Bitcoin Network Demand Has Fallen But Miners Remain BULLISH | Coinscrum On-Chain Reaction

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Bitcoin Network demand may have dropped recently, but Bitcoin miners remain as bullish as ever. Despite revenue from fees having dropped, Bitcoin miners are still able to sustain a daily revenue of $60m. Interestingly, we have also seen a steady increase in difficulty over the past 12 months, with the latest difficulty increase being the highest we've seen so far this year.

James Bennett, CEO of ByteTree, hosts Coinscrum's On-Chain Reaction

DISCLAIMER: This entire presentation is for informational purposes only and in no way constitutes investment advice

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???? TIMECODES
00:00 Intro
00:30 Bitcoin volatility continues to fall as the market settles
01:33 Bitcoin miner daily revenues sustained around $60M
03:04 Miner difficulty has risen significantly in the past year
04:58 $8 Billion is being settled on the Bitcoin Network daily
06:25 Funds now hold over 4.2% of all mined bitcoin
07:43 1% of minder bitcoins are wrapped on the Ethereum Network
09:03 Conclusion

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Crypto Trading
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