As of June 22, Bitcoin miners’ earnings plummeted to a yearly low of 34,000,000 USD, driven by lower transaction fees and a declining Bitcoin price. Cryptoquant’s metrics suggest that despite low income, miners remain hopeful.
Miners are refraining from selling their BTC, with only 150 BTC sold from dormant wallets this year. Those holding between 100 to 1,000 BTC have been increasing their reserves, indicating a focus on accumulation.
Ripple has officially closed its legal dispute with the SEC over XRP sales, with both parties dropping their appeals. This provides clarity for the market and allows Ripple to focus on future growth.
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