11/2/2020, 3:38 PM (Source: TeleTrader)
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Bitcoin miners produced $353M in revenue in October

Miners of the world’s biggest cryptocurrency Bitcoin managed to produce an estimated $353 million in revenue in October, which represents an 8% rise from September.

According to CoinDesk, network fees stood at $42.9 million in October, 12% over total revenue, the highest percentage since January 2018. The rise is also connected with the fact that the BTC jumped almost 30% in October to $13,800 and that, therefore, miners sold their stash immediately.

Bitcoin was down by 2.85% to 13,445.00 at 9:33 am ET.

Breaking the News / TF