Bitcoin miners poised to offload BTC as mining revenue plunges | Crypto Market Time
Bitcoin miners poised to offload BTC as mining revenue plunges: Kaiko data
A bitcoin selloff likely looms large as the token’s miners face pressure to offload their holdings amid a steep revenue drop-off, crypto research and analytics firm Kaiko’s data shows. Bitcoin miners largely rely on two revenue streams: mining rewards and transaction fees. April’s halving event, the long-ago coded reduction in mining rewards to 3.125 BTC from 6.25 BTC, posed a unique headwind for miners trying to cover their overhead.
