{"id":132357,"date":"2024-07-03T06:00:29","date_gmt":"2024-07-03T03:00:29","guid":{"rendered":"https:\/\/cryptodnes.bg\/eng\/?p=132357"},"modified":"2024-07-03T18:10:55","modified_gmt":"2024-07-03T15:10:55","slug":"bitcoin-network-fees-dropped-90-miners-will-likely-keep-selling","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-network-fees-dropped-90-miners-will-likely-keep-selling\/","title":{"rendered":"Bitcoin Network Fees Dropped 90% &#8211; Miners Will Likely Keep Selling"},"content":{"rendered":"<p class=\"gt-block\">After the halving of\u00a0<strong><a href=\"https:\/\/cryptodnes.bg\/eng\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a>\u00a0<\/strong>in April, network fees dropped by 90%, from $45 in January 2024 to between $3 and $5.<\/p>\n<p>In addition, the halving event also saw the rewards of each block decrease from 6.25 BTC to 3.125 BTC, while mining costs increased.<\/p>\n<p>The price of Bitcoin remained relatively flat, which provided some financial relief for miners.<\/p>\n<p class=\"gt-block\">In response, Marathon Digital sold 390 BTC in May and plans further sales. This could cause Bitcoin\u2019s price to drop if more miners join them. Some miners are diversifying their activities, such as\u00a0mine other cryptocurrencies\u00a0as\u00a0<strong><a href=\"https:\/\/cryptodnes.bg\/eng\/cryptocurrency\/kaspa\/\">Kaspa (KAS)<\/a><\/strong>.<\/p>\n<p class=\"gt-block\">Financial pressures lead to industry consolidation as seen by the attempt of Riot Blockchain to acquire Bitfarms Ltd. and the acquisitionof Grid Infrastructure Inc. by CleanSpark Inc. for $155 million.<\/p>\n<p>As miners adapt to these challenges, we may see more strategic mergers and acquisitions aimed at maintaining profitability in the sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent report by Kaiko Research revealed that Bitcoin miners are likely to continue selling their assets due to reduced rewards and plummeting network fees.<\/p>\n","protected":false},"author":3,"featured_media":37514,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"yes","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-132357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Network Fees Dropped 90% - Miners Will Likely Keep Selling<\/title>\n<meta name=\"description\" content=\"A recent report by Kaiko Research revealed that Bitcoin miners are likely to continue selling their assets due to reduced rewards ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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