Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Mantra for $ 0.32 If whaling leaves intensification: is to be at a turning point?

2025-05-31

Not yet an altiation season! In the growing gap between Bitcoin and Altcoins

2025-05-31

Cronos Tart Crypto Market Downtick on Friday as asset manager Canary Capital Files for CRO ETF

2025-05-31
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Hodooi and Ice Open Network are a powerful alliance for Web3 Social Expansion

    2025-05-31

    Transition to an internet supported by people

    2025-05-31

    Disney+ Unlocks Web3 for 150m+ users with new perks program Driven by Dapper Labs

    2025-05-31

    Soonchain works together with Fluxai to transform creativity into web3 gaming

    2025-05-31

    Rei Network works together with Inference Laboratories to forge Trust Decentralized World with ZKML

    2025-05-31
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    American authorities charge six people in connection with alleged $ 66,000,000 Food Stamp -Fraud schedule

    2025-05-31

    American authorities punish the Philippines-based company for alleged computer infrastructure for crypto pig breaking stop

    2025-05-30

    FBI is looking for victims who are connected to FunNull Pig Butching Crypto Investment SCAM

    2025-05-30

    JPMorgan Chase received a fine of $ 566,082 due to alleged not responding to regulator during the energy crisis

    2025-05-30

    SEC -OFFICE LIGHTS THE POW FOR ETHEREUM Turn off in ETFs

    2025-05-30
  • Analysis

    Cronos Tart Crypto Market Downtick on Friday as asset manager Canary Capital Files for CRO ETF

    2025-05-31

    XRP multi-time frame breakdown: here comes what is there

    2025-05-31

    XRP -Price risks crash under $ 2 if the correction holds, here is why

    2025-05-31

    XRP price objectives recovery – signs of strength arise

    2025-05-31

    Bitcoin – Price extends losses – Is more disadvantage on the horizon?

    2025-05-31
  • Learn

    What Is Asset Tokenization? How It Works and Why It’s Important

    2025-05-30

    What Is DeFi 2.0 and Why It Matters

    2025-05-27

    Crypto Margin Trading: How It Works and How to Manage the Risks

    2025-05-26

    Wat is circulerende levering in cryptocurrency?

    2025-05-23

    What Is a DEX (Decentralized Exchange)?

    2025-05-21
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Bitcoin: transaction value rises despite…
Bitcoin

Bitcoin: transaction value rises despite…

2023-07-08No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


  • Miners’ earnings on the Bitcoin network fell between May and June.
  • As BTC traded in a narrow range, the buying momentum withered.

Bitcoin [BTC] miner revenues fell on a monthly basis despite the network witnessing a significant increase in on-chain transaction volume, data from The block revealed.


Read Bitcoin [BTC] Price Forecast 2023-24


Being a proof-of-work network, Bitcoin miners’ revenue comes from two primary sources: inflation rewards (block subsidies) and transaction fees. When miners successfully add a new block, they are rewarded with a certain number of newly minted Bitcoins.

In addition to the block subsidy, miners also earn transaction fees, which are paid by users who initiate BTC transactions. According to information from TheBlock, Bitcoin’s block subsidy fell 6% between May and June.

During the same period, miners’ revenue on the Bitcoin network from transaction fees paid to use the blockchain also fell by 15%. In the current month, miners have accumulated $173 million in inflation rewards revenue, while their transaction fee revenue has reached $177 million in the past seven days.

Source: The Block

While miners’ earnings fell between May and June, BTC on-chain transaction volume increased. According to data from TheBlock, this is up 24% over that period.

Interestingly, while the total value of transactions on the BTC network rose between May and June, the number of BTC transactions fell by 25%.

BTC remains tightly positioned

After briefly crossing the $31,000 price level on June 23, BTC’s price has since traded within a narrow range, holding the $30,000 psychological price region as support. At the time of writing, the number one cryptocurrency changed hands for $30,212.56, registering a 50% drop in trading volume over the past 24 hours, according to data from CoinMarketCap.

See also  Anthony Pompliano Says Bitcoin Bull Market Has Started With Major Frontrunning of Fed Rate Cuts and ETF Approval

An assessment of BTC’s price movements on a daily chart revealed that a new bear cycle was underway. On July 6, the short-term moving average of BTC’s MACD indicator crossed below the long-term moving average, signaling a possible shift to bearish momentum.

This occurrence is often interpreted by traders and investors as a sell signal. Thus, it indicated a possible downward trend in the price of an asset.


Is your wallet green? Check out the Bitcoin Profit Calculator


Moreso, the main momentum indicators were trending downwards at the time of going to press and have been since the beginning of the month. It showed that while the price of BTC remains in a narrow price range, the buying momentum has dropped.

Despite all this, the buyers continued to firmly control the BTC market. A look at the asset’s Directional Movement Index (DMI) showed the strength of the buyers (green) at 25.48, resting above the sellers (red) at 14.50.

Source: BTC/USD, TradingView

Source link

Bitcoin Rises Transaction
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Not yet an altiation season! In the growing gap between Bitcoin and Altcoins

2025-05-31

4 flashing sales signals on Bitcoin – BTC Bulls finally no longer have gas?

2025-05-31

Bitcoin Exchange Reserves Hit Record Low, but nobody sells: what gives?

2025-05-31

Bitcoin Sharpe Ratio says it is time for ‘careful optimism’ – Furthermore, upward growth income?

2025-05-31
Add A Comment
Leave A Reply Cancel Reply

Top Posts

The 3 best cryptos to buy for the next Bull Run: $ FXG, XLM and HBBer

2025-04-26

How To Buy, Sell, And Trade Tokens On The BSC Network

2024-01-14

2 reasons why the Bitcoin rally may be at borrowed time!

2025-05-30
Editors Picks

Ethereum: Why Whale Accumulation Cannot Prevent a Price Drop

2023-08-25

Top 5 Blockchain Protocols for End-to-End Transaction Security

2024-10-19

Sorare NBA Season 2 Reveals 3D NFT Cards

2023-10-19

Lazarus Could Dump $41 Million in Stolen Bitcoin, FBI Says

2023-08-23

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Mantra for $ 0.32 If whaling leaves intensification: is to be at a turning point?

Not yet an altiation season! In the growing gap between Bitcoin and Altcoins

Cronos Tart Crypto Market Downtick on Friday as asset manager Canary Capital Files for CRO ETF

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,467.470.83%
  • ethereumEthereum(ETH)$2,516.180.15%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.162.80%
  • binancecoinBNB(BNB)$655.990.87%
  • solanaSolana(SOL)$154.780.46%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.1901000.67%
  • tronTRON(TRX)$0.2673690.28%
  • cardanoCardano(ADA)$0.682.59%
  • suiSui(SUI)$3.275.42%
  • hyperliquidHyperliquid(HYPE)$32.593.02%
  • chainlinkChainlink(LINK)$13.882.57%
  • avalanche-2Avalanche(AVAX)$20.713.22%
  • stellarStellar(XLM)$0.2658461.57%
  • bitcoin-cashBitcoin Cash(BCH)$409.412.90%
  • unus-sed-leoUNUS SED LEO(LEO)$8.69-0.56%
  • the-open-networkToncoin(TON)$3.164.25%
  • shiba-inuShiba Inu(SHIB)$0.0000133.78%
  • hedera-hashgraphHedera(HBAR)$0.1674422.36%
  • litecoinLitecoin(LTC)$87.143.54%
  • polkadotPolkadot(DOT)$4.083.04%
  • moneroMonero(XMR)$325.223.45%
  • bitget-tokenBitget Token(BGB)$4.702.23%
  • ethena-usdeEthena USDe(USDE)$1.000.07%
  • daiDai(DAI)$1.000.01%
  • pepePepe(PEPE)$0.0000123.43%
  • piPi(PI)$0.656.50%
  • bittensorBittensor(TAO)$432.4313.54%
  • uniswapUniswap(UNI)$5.990.09%
  • aaveAave(AAVE)$241.32-3.90%
  • okbOKB(OKB)$50.13-0.19%
  • aptosAptos(APT)$4.742.58%
  • nearNEAR Protocol(NEAR)$2.422.16%
  • crypto-com-chainCronos(CRO)$0.1029560.07%
  • internet-computerInternet Computer(ICP)$4.903.70%
  • ondo-financeOndo(ONDO)$0.833.89%
  • ethereum-classicEthereum Classic(ETC)$16.881.74%
  • gatechain-tokenGateToken(GT)$19.391.08%
  • mantleMantle(MNT)$0.681.92%
  • official-trumpOFFICIAL TRUMP(TRUMP)$11.235.02%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2145555.39%
  • kaspaKaspa(KAS)$0.0843772.33%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • vechainVeChain(VET)$0.0240982.79%
  • render-tokenRender(RENDER)$3.905.74%
  • ethenaEthena(ENA)$0.3076484.00%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.742.96%
  • worldcoin-wldWorldcoin(WLD)$1.132.88%
  • filecoinFilecoin(FIL)$2.573.69%
  • bitcoinBitcoin(BTC)$104,467.470.83%
  • ethereumEthereum(ETH)$2,516.180.15%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.162.80%
  • binancecoinBNB(BNB)$655.990.87%
  • solanaSolana(SOL)$154.780.46%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.1901000.67%
  • tronTRON(TRX)$0.2673690.28%
  • cardanoCardano(ADA)$0.682.59%
  • suiSui(SUI)$3.275.42%
  • hyperliquidHyperliquid(HYPE)$32.593.02%
  • chainlinkChainlink(LINK)$13.882.57%
  • avalanche-2Avalanche(AVAX)$20.713.22%
  • stellarStellar(XLM)$0.2658461.57%
  • bitcoin-cashBitcoin Cash(BCH)$409.412.90%
  • unus-sed-leoUNUS SED LEO(LEO)$8.69-0.56%
  • the-open-networkToncoin(TON)$3.164.25%
  • shiba-inuShiba Inu(SHIB)$0.0000133.78%
  • hedera-hashgraphHedera(HBAR)$0.1674422.36%
  • litecoinLitecoin(LTC)$87.143.54%
  • polkadotPolkadot(DOT)$4.083.04%
  • moneroMonero(XMR)$325.223.45%
  • bitget-tokenBitget Token(BGB)$4.702.23%
  • ethena-usdeEthena USDe(USDE)$1.000.07%
  • daiDai(DAI)$1.000.01%
  • pepePepe(PEPE)$0.0000123.43%
  • piPi(PI)$0.656.50%
  • bittensorBittensor(TAO)$432.4313.54%
  • uniswapUniswap(UNI)$5.990.09%
  • aaveAave(AAVE)$241.32-3.90%
  • okbOKB(OKB)$50.13-0.19%
  • aptosAptos(APT)$4.742.58%
  • nearNEAR Protocol(NEAR)$2.422.16%
  • crypto-com-chainCronos(CRO)$0.1029560.07%
  • internet-computerInternet Computer(ICP)$4.903.70%
  • ondo-financeOndo(ONDO)$0.833.89%
  • ethereum-classicEthereum Classic(ETC)$16.881.74%
  • gatechain-tokenGateToken(GT)$19.391.08%
  • mantleMantle(MNT)$0.681.92%
  • official-trumpOFFICIAL TRUMP(TRUMP)$11.235.02%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2145555.39%
  • kaspaKaspa(KAS)$0.0843772.33%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • vechainVeChain(VET)$0.0240982.79%
  • render-tokenRender(RENDER)$3.905.74%
  • ethenaEthena(ENA)$0.3076484.00%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.742.96%
  • worldcoin-wldWorldcoin(WLD)$1.132.88%
  • filecoinFilecoin(FIL)$2.573.69%