CryptoMediaClub
Monday, October 27, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Bitcoin

Bitcoin Miners Rake in Impressive $916 Million in May Revenue

02.06.2023
A A
0
127
VIEWS
ShareShare

Bitcoin Miners Rake in Impressive $916 Million in May Revenue

  • BTC miner revenue rose to $916 million in May.
  • The surge in revenue can be attributed to the increased on-chain activity.
  • Bitcoin is hovering around $27,000 after falling to the $26,600 range today.

In May, Bitcoin mining revenue achieved a significant milestone, reaching $916.6 million, representing a notable month-over-month increase of 13.7%. The Block’s Data Dashboard reveals that this figure includes transaction fees totaling over $120 million.

The surge in transaction fee revenue can be attributed to increased on-chain activity, primarily driven by the rise of Bitcoin NFTs through platforms like Ordinals.

Source: The Block

Data shows Bitcoin transaction jump in May

According to data from The Block Research, May experienced a substantial surge in transaction activity on the Bitcoin network, with a total of 16.9 million transactions recorded for the month.

On Thursday, both Bitcoin and the broader cryptocurrency market witnessed a consecutive two-day decline as concerns about inflation and ongoing rate hikes resurfaced. The U.S. House of Representatives successfully passed the debt ceiling deal on Wednesday night, and the bill now awaits approval from the Senate.

Bitcoin experienced a 1% decrease during the day, trading at $26,800, and has faced a loss of over 6% in the past month. According to CoinMarketCap data, Bitcoin is trading at $27,011 at press time. BTC climbed back from a 24-hour low of $26,671 to a high of $27,346 before falling to the current trading price. Despite this, the whole cryptocurrency market is trading in consistency with no major fluctuations.

Share10Tweet6ShareSharePin2

Related Posts

Coinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge
Bitcoin

Coinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge

15.07.2025
0

BitcoinWorldCoinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge The cryptocurrency world is buzzing with excitement, and for good reason!...

Read moreDetails
Bitcoin’s Unseen Ascent: Why Market Euphoria Is Still Ahead, According to Alphractal CEO

Bitcoin’s Unseen Ascent: Why Market Euphoria Is Still Ahead, According to Alphractal CEO

14.07.2025
Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation

Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation

14.07.2025
Bitcoin’s Astonishing Anomaly: Why Public Search Interest Remains Low Despite Record Highs

Bitcoin’s Astonishing Anomaly: Why Public Search Interest Remains Low Despite Record Highs

14.07.2025
Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

08.07.2025
Load More
Next Post
Injective Protocol’s Avalon Mainnet Upgrade Boosts DeFi Standards

Injective Protocol’s Avalon Mainnet Upgrade Boosts DeFi Standards

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Crypto Analyst Foresees Pepe (PEPE) Surge Amid Memecoin Momentum

Crypto Analyst Foresees Pepe (PEPE) Surge Amid Memecoin Momentum

2 years ago
Qatar Central Bank Criticized by FATF Over Crypto AML Implementations

Qatar Central Bank Criticized by FATF Over Crypto AML Implementations

2 years ago
Pro-Ripple Lawyer Expresses Optimism on XRP’s Security Status in SEC Lawsuit

Pro-Ripple Lawyer Expresses Optimism on XRP’s Security Status in SEC Lawsuit

2 years ago

Zipmex Investor Reneges on 100% Payment, Now Seeks to Slash Buyout Deal

3 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

XRP Price Prediction: Outpacing Other Altcoins XRP Closes Week Up 11.4% – Momentum Building?

Coinbase CEO Wants Every Startup to Launch, Fund, and IPO Onchain

Coinbase’s x402 AI Payments Protocol Sees 10,000% Surge in Activity

Bitcoin Price Prediction: Kiyosaki Says Path to Financial Freedom Paved With Bitcoin – Is He Right?

72-Hour Countdown: Snorter Bot Token Must Sell Out Before Claim Goes Live

Trending

Ledger Faces Backlash Over New Multisig App Fees Despite Technical Upgrade
All news

Ledger Faces Backlash Over New Multisig App Fees Despite Technical Upgrade

27.10.2025
0

Crypto hardware wallet maker Ledger is facing a wave of criticism following the rollout of its new...

Your Crypto Isn’t Safe Outside the Blockchain, Vitalik Buterin Warns

Your Crypto Isn’t Safe Outside the Blockchain, Vitalik Buterin Warns

27.10.2025
Kyrgyzstan Launches Stablecoin on BNB Chain, Eyes National Digital Currency and Crypto Reserve

Kyrgyzstan Launches Stablecoin on BNB Chain, Eyes National Digital Currency and Crypto Reserve

27.10.2025
Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

Ethereum Price Prediction: Key Weekly Bounce Confirms Strength, Eyes Crucial Resistance Breakout

26.10.2025
XRP Price Prediction: Outpacing Other Altcoins XRP Closes Week Up 11.4% – Momentum Building?

XRP Price Prediction: Outpacing Other Altcoins XRP Closes Week Up 11.4% – Momentum Building?

26.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz