Bitcoin price roars past $45,000 registering over 20% gains since the beginning of December 2023. As a result, the Bitcoin miners have scooped massive amounts in miner fees over the last month.
In recent observations by crypto analyst Will Clemente, Bitcoin has secured the top position among blockchains, leading in fees generated over the last 24 hours, 7 days, and 30 days. According to the data from the past 30 days, Bitcoin’s fee dominance translates to an annualized figure exceeding $4 billion for miners. This development is seen as a bullish signal for both miners and the overall security of the Bitcoin network.
Bitcoin miners are absolutely printing. With Miner Price at $64K, they are making 50% extra on top of the Bitcoin price pic.twitter.com/fFXlByM4DH
