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Bitcoin Miner Revenue In August Tanks 57% from 2024 Peak, Another Sell-off Coming?

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64% Informative

Bitcoin miners recorded the lowest monthly revenue in a year ’s time, dropping by 57% from the peak of 2024 .

During the last month of August , the total number of Bitcoins mined also dropped to 13,843 BTC, down from 14,725 BTC mined in July .

This raises the question of whether the BTC miner capitulation is behind us or if the market is preparing for another major sell-off ahead.

The BTC price continues to face selling pressure and is trading down from its key support levels of $ 58,450 .