TechFlow news — On August 8, according to Bloomberg, a report from cryptocurrency research firm Kaiko showed that as of August 3, the total amount of Bitcoin held by miners had dropped to approximately 1,510,300 BTC—about 2.4% lower than the peak recorded in December 2020. Worth around $86 billion at current prices, this represents about 8% of circulating Bitcoin. Since the rise in Bitcoin's price at the end of 2023, miners have continuously sold tokens to cover operational costs. Although higher network fees following the halving temporarily offset revenue losses, average fees have since fallen from $143 to $2.
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