<\/p>\n
\t\t\t\t\t\t<\/p>\n
Bitcoin [BTC]<\/a> miner revenue has experienced a decline on a month-over-month basis, despite the network witnessing a significant increase in on-chain transaction volume, data from <\/span>The Block<\/span><\/a> revealed. <\/span><\/p>\n\nread Bitcoin’s [BTC] Price Prediction<\/a> 2023-24<\/p>\n\nBeing a proof-of-work network, Bitcoin miners’ revenue is derived 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. <\/span><\/p>\nIn addition to the block subsidy, miners also earn transaction fees, which are paid by users who initiate BTC transactions. According to information retrieved from TheBlock, Bitcoin’s block subsidy dropped by 6% between May and June. <\/span><\/p>\nDuring the same period, revenue earned by miners on the Bitcoin network from transaction fees paid to use the blockchain also declined by 15%. In the current month, miners have accumulated $173 million in revenue from inflation rewards, while their earnings from transaction fees over the past seven days have reached $177 million.<\/span><\/p>\n<\/noscript><\/a><\/p>\nSource: TheBlock<\/p>\n<\/div>\nWhile miner revenue fell between May and June, BTC on-chain transaction volume rallied. Per data from TheBlock, this increased by 24% during that period. <\/span><\/p>\nInterestingly, while the total value of transactions conducted on the BTC network went up between May and June, BTC transactions count fell by 25%. <\/span><\/p>\nBTC remains tightly positioned <\/b><\/h4>\nAfter breaching the $31,000 price point briefly on 23 June, BTC’s price has since traded within a narrow range, maintaining the psychological $30,000 price region as support. At press time, the number one cryptocurrency exchanged hands at $30,212.56, logging a 50% drop in trading volume in the last 24 hours, per data from <\/span>CoinMarketCap<\/span><\/a>,<\/span><\/p>\nAn assessment of BTC’s price movements on a daily chart revealed that a new bear cycle was underway. On 6 July, the short-term moving average of BTC’s MACD indicator crossed below the long-term moving average, signaling a potential shift towards bearish momentum. <\/span><\/p>\nThis occurrence is often interpreted as a sell signal by traders and investors. Thus, it indicated a potential downtrend in an asset’s price.<\/span><\/p>\n\nIs your portfolio green? Check out the Bitcoin Profit Calculator<\/a><\/p>\n\nMoreso, key momentum indicators trended downwards at press time and have been so since the beginning of the month. This showed that while BTC’s price lingers in a narrow price range, buying momentum has fallen.<\/span><\/p>\nDespite all this, buyers remained solidly in control of the BTC market. A look at the asset’s Directional Movement Index (DMI) showed the buyer’s strength (green) at 25.48, resting above the sellers’ (red) at 14.50.<\/span><\/p>\n<\/noscript><\/a><\/p>\nSource: BTC\/USD, TradingView<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"Miner revenue on the Bitcoin network fell between May and June. As BTC traded in a narrow range, buying momentum withered. Bitcoin [BTC] miner revenue has experienced a decline on a month-over-month basis, despite the network witnessing a significant increase in on-chain transaction volume, data from The Block revealed. read Bitcoin’s [BTC] Price Prediction 2023-24 […]<\/p>\n","protected":false},"author":2,"featured_media":119817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-119816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=119816"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816\/revisions"}],"predecessor-version":[{"id":119818,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816\/revisions\/119818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/119817"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=119816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=119816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=119816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
read Bitcoin’s [BTC] Price Prediction<\/a> 2023-24<\/p>\n\nBeing a proof-of-work network, Bitcoin miners’ revenue is derived 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. <\/span><\/p>\nIn addition to the block subsidy, miners also earn transaction fees, which are paid by users who initiate BTC transactions. According to information retrieved from TheBlock, Bitcoin’s block subsidy dropped by 6% between May and June. <\/span><\/p>\nDuring the same period, revenue earned by miners on the Bitcoin network from transaction fees paid to use the blockchain also declined by 15%. In the current month, miners have accumulated $173 million in revenue from inflation rewards, while their earnings from transaction fees over the past seven days have reached $177 million.<\/span><\/p>\n<\/noscript><\/a><\/p>\nSource: TheBlock<\/p>\n<\/div>\nWhile miner revenue fell between May and June, BTC on-chain transaction volume rallied. Per data from TheBlock, this increased by 24% during that period. <\/span><\/p>\nInterestingly, while the total value of transactions conducted on the BTC network went up between May and June, BTC transactions count fell by 25%. <\/span><\/p>\nBTC remains tightly positioned <\/b><\/h4>\nAfter breaching the $31,000 price point briefly on 23 June, BTC’s price has since traded within a narrow range, maintaining the psychological $30,000 price region as support. At press time, the number one cryptocurrency exchanged hands at $30,212.56, logging a 50% drop in trading volume in the last 24 hours, per data from <\/span>CoinMarketCap<\/span><\/a>,<\/span><\/p>\nAn assessment of BTC’s price movements on a daily chart revealed that a new bear cycle was underway. On 6 July, the short-term moving average of BTC’s MACD indicator crossed below the long-term moving average, signaling a potential shift towards bearish momentum. <\/span><\/p>\nThis occurrence is often interpreted as a sell signal by traders and investors. Thus, it indicated a potential downtrend in an asset’s price.<\/span><\/p>\n\nIs your portfolio green? Check out the Bitcoin Profit Calculator<\/a><\/p>\n\nMoreso, key momentum indicators trended downwards at press time and have been so since the beginning of the month. This showed that while BTC’s price lingers in a narrow price range, buying momentum has fallen.<\/span><\/p>\nDespite all this, buyers remained solidly in control of the BTC market. A look at the asset’s Directional Movement Index (DMI) showed the buyer’s strength (green) at 25.48, resting above the sellers’ (red) at 14.50.<\/span><\/p>\n<\/noscript><\/a><\/p>\nSource: BTC\/USD, TradingView<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"Miner revenue on the Bitcoin network fell between May and June. As BTC traded in a narrow range, buying momentum withered. Bitcoin [BTC] miner revenue has experienced a decline on a month-over-month basis, despite the network witnessing a significant increase in on-chain transaction volume, data from The Block revealed. read Bitcoin’s [BTC] Price Prediction 2023-24 […]<\/p>\n","protected":false},"author":2,"featured_media":119817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-119816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=119816"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816\/revisions"}],"predecessor-version":[{"id":119818,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816\/revisions\/119818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/119817"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=119816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=119816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=119816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Being a proof-of-work network, Bitcoin miners’ revenue is derived 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. <\/span><\/p>\nIn addition to the block subsidy, miners also earn transaction fees, which are paid by users who initiate BTC transactions. According to information retrieved from TheBlock, Bitcoin’s block subsidy dropped by 6% between May and June. <\/span><\/p>\nDuring the same period, revenue earned by miners on the Bitcoin network from transaction fees paid to use the blockchain also declined by 15%. In the current month, miners have accumulated $173 million in revenue from inflation rewards, while their earnings from transaction fees over the past seven days have reached $177 million.<\/span><\/p>\n<\/noscript><\/a><\/p>\nSource: TheBlock<\/p>\n<\/div>\nWhile miner revenue fell between May and June, BTC on-chain transaction volume rallied. Per data from TheBlock, this increased by 24% during that period. <\/span><\/p>\nInterestingly, while the total value of transactions conducted on the BTC network went up between May and June, BTC transactions count fell by 25%. <\/span><\/p>\nBTC remains tightly positioned <\/b><\/h4>\nAfter breaching the $31,000 price point briefly on 23 June, BTC’s price has since traded within a narrow range, maintaining the psychological $30,000 price region as support. At press time, the number one cryptocurrency exchanged hands at $30,212.56, logging a 50% drop in trading volume in the last 24 hours, per data from <\/span>CoinMarketCap<\/span><\/a>,<\/span><\/p>\nAn assessment of BTC’s price movements on a daily chart revealed that a new bear cycle was underway. On 6 July, the short-term moving average of BTC’s MACD indicator crossed below the long-term moving average, signaling a potential shift towards bearish momentum. <\/span><\/p>\nThis occurrence is often interpreted as a sell signal by traders and investors. Thus, it indicated a potential downtrend in an asset’s price.<\/span><\/p>\n\nIs your portfolio green? Check out the Bitcoin Profit Calculator<\/a><\/p>\n\nMoreso, key momentum indicators trended downwards at press time and have been so since the beginning of the month. This showed that while BTC’s price lingers in a narrow price range, buying momentum has fallen.<\/span><\/p>\nDespite all this, buyers remained solidly in control of the BTC market. A look at the asset’s Directional Movement Index (DMI) showed the buyer’s strength (green) at 25.48, resting above the sellers’ (red) at 14.50.<\/span><\/p>\n<\/noscript><\/a><\/p>\nSource: BTC\/USD, TradingView<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"Miner revenue on the Bitcoin network fell between May and June. As BTC traded in a narrow range, buying momentum withered. Bitcoin [BTC] miner revenue has experienced a decline on a month-over-month basis, despite the network witnessing a significant increase in on-chain transaction volume, data from The Block revealed. read Bitcoin’s [BTC] Price Prediction 2023-24 […]<\/p>\n","protected":false},"author":2,"featured_media":119817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-119816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=119816"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816\/revisions"}],"predecessor-version":[{"id":119818,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816\/revisions\/119818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/119817"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=119816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=119816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=119816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
In addition to the block subsidy, miners also earn transaction fees, which are paid by users who initiate BTC transactions. According to information retrieved from TheBlock, Bitcoin’s block subsidy dropped by 6% between May and June. <\/span><\/p>\nDuring the same period, revenue earned by miners on the Bitcoin network from transaction fees paid to use the blockchain also declined by 15%. In the current month, miners have accumulated $173 million in revenue from inflation rewards, while their earnings from transaction fees over the past seven days have reached $177 million.<\/span><\/p>\n<\/noscript><\/a><\/p>\nSource: TheBlock<\/p>\n<\/div>\nWhile miner revenue fell between May and June, BTC on-chain transaction volume rallied. Per data from TheBlock, this increased by 24% during that period. <\/span><\/p>\nInterestingly, while the total value of transactions conducted on the BTC network went up between May and June, BTC transactions count fell by 25%. <\/span><\/p>\nBTC remains tightly positioned <\/b><\/h4>\nAfter breaching the $31,000 price point briefly on 23 June, BTC’s price has since traded within a narrow range, maintaining the psychological $30,000 price region as support. At press time, the number one cryptocurrency exchanged hands at $30,212.56, logging a 50% drop in trading volume in the last 24 hours, per data from <\/span>CoinMarketCap<\/span><\/a>,<\/span><\/p>\nAn assessment of BTC’s price movements on a daily chart revealed that a new bear cycle was underway. On 6 July, the short-term moving average of BTC’s MACD indicator crossed below the long-term moving average, signaling a potential shift towards bearish momentum. <\/span><\/p>\nThis occurrence is often interpreted as a sell signal by traders and investors. Thus, it indicated a potential downtrend in an asset’s price.<\/span><\/p>\n\nIs your portfolio green? Check out the Bitcoin Profit Calculator<\/a><\/p>\n\nMoreso, key momentum indicators trended downwards at press time and have been so since the beginning of the month. This showed that while BTC’s price lingers in a narrow price range, buying momentum has fallen.<\/span><\/p>\nDespite all this, buyers remained solidly in control of the BTC market. A look at the asset’s Directional Movement Index (DMI) showed the buyer’s strength (green) at 25.48, resting above the sellers’ (red) at 14.50.<\/span><\/p>\n<\/noscript><\/a><\/p>\nSource: BTC\/USD, TradingView<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"Miner revenue on the Bitcoin network fell between May and June. As BTC traded in a narrow range, buying momentum withered. Bitcoin [BTC] miner revenue has experienced a decline on a month-over-month basis, despite the network witnessing a significant increase in on-chain transaction volume, data from The Block revealed. read Bitcoin’s [BTC] Price Prediction 2023-24 […]<\/p>\n","protected":false},"author":2,"featured_media":119817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-119816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=119816"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816\/revisions"}],"predecessor-version":[{"id":119818,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816\/revisions\/119818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/119817"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=119816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=119816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=119816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
During the same period, revenue earned by miners on the Bitcoin network from transaction fees paid to use the blockchain also declined by 15%. In the current month, miners have accumulated $173 million in revenue from inflation rewards, while their earnings from transaction fees over the past seven days have reached $177 million.<\/span><\/p>\n<\/noscript><\/a><\/p>\nSource: TheBlock<\/p>\n<\/div>\nWhile miner revenue fell between May and June, BTC on-chain transaction volume rallied. Per data from TheBlock, this increased by 24% during that period. <\/span><\/p>\nInterestingly, while the total value of transactions conducted on the BTC network went up between May and June, BTC transactions count fell by 25%. <\/span><\/p>\nBTC remains tightly positioned <\/b><\/h4>\nAfter breaching the $31,000 price point briefly on 23 June, BTC’s price has since traded within a narrow range, maintaining the psychological $30,000 price region as support. At press time, the number one cryptocurrency exchanged hands at $30,212.56, logging a 50% drop in trading volume in the last 24 hours, per data from <\/span>CoinMarketCap<\/span><\/a>,<\/span><\/p>\nAn assessment of BTC’s price movements on a daily chart revealed that a new bear cycle was underway. On 6 July, the short-term moving average of BTC’s MACD indicator crossed below the long-term moving average, signaling a potential shift towards bearish momentum. <\/span><\/p>\nThis occurrence is often interpreted as a sell signal by traders and investors. Thus, it indicated a potential downtrend in an asset’s price.<\/span><\/p>\n\nIs your portfolio green? Check out the Bitcoin Profit Calculator<\/a><\/p>\n\nMoreso, key momentum indicators trended downwards at press time and have been so since the beginning of the month. This showed that while BTC’s price lingers in a narrow price range, buying momentum has fallen.<\/span><\/p>\nDespite all this, buyers remained solidly in control of the BTC market. A look at the asset’s Directional Movement Index (DMI) showed the buyer’s strength (green) at 25.48, resting above the sellers’ (red) at 14.50.<\/span><\/p>\n<\/noscript><\/a><\/p>\nSource: BTC\/USD, TradingView<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"Miner revenue on the Bitcoin network fell between May and June. As BTC traded in a narrow range, buying momentum withered. Bitcoin [BTC] miner revenue has experienced a decline on a month-over-month basis, despite the network witnessing a significant increase in on-chain transaction volume, data from The Block revealed. read Bitcoin’s [BTC] Price Prediction 2023-24 […]<\/p>\n","protected":false},"author":2,"featured_media":119817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-119816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=119816"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816\/revisions"}],"predecessor-version":[{"id":119818,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816\/revisions\/119818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/119817"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=119816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=119816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=119816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Source: TheBlock<\/p>\n<\/div>\n
While miner revenue fell between May and June, BTC on-chain transaction volume rallied. Per data from TheBlock, this increased by 24% during that period. <\/span><\/p>\nInterestingly, while the total value of transactions conducted on the BTC network went up between May and June, BTC transactions count fell by 25%. <\/span><\/p>\nBTC remains tightly positioned <\/b><\/h4>\nAfter breaching the $31,000 price point briefly on 23 June, BTC’s price has since traded within a narrow range, maintaining the psychological $30,000 price region as support. At press time, the number one cryptocurrency exchanged hands at $30,212.56, logging a 50% drop in trading volume in the last 24 hours, per data from <\/span>CoinMarketCap<\/span><\/a>,<\/span><\/p>\nAn assessment of BTC’s price movements on a daily chart revealed that a new bear cycle was underway. On 6 July, the short-term moving average of BTC’s MACD indicator crossed below the long-term moving average, signaling a potential shift towards bearish momentum. <\/span><\/p>\nThis occurrence is often interpreted as a sell signal by traders and investors. Thus, it indicated a potential downtrend in an asset’s price.<\/span><\/p>\n\nIs your portfolio green? Check out the Bitcoin Profit Calculator<\/a><\/p>\n\nMoreso, key momentum indicators trended downwards at press time and have been so since the beginning of the month. This showed that while BTC’s price lingers in a narrow price range, buying momentum has fallen.<\/span><\/p>\nDespite all this, buyers remained solidly in control of the BTC market. A look at the asset’s Directional Movement Index (DMI) showed the buyer’s strength (green) at 25.48, resting above the sellers’ (red) at 14.50.<\/span><\/p>\n<\/noscript><\/a><\/p>\nSource: BTC\/USD, TradingView<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"Miner revenue on the Bitcoin network fell between May and June. As BTC traded in a narrow range, buying momentum withered. Bitcoin [BTC] miner revenue has experienced a decline on a month-over-month basis, despite the network witnessing a significant increase in on-chain transaction volume, data from The Block revealed. read Bitcoin’s [BTC] Price Prediction 2023-24 […]<\/p>\n","protected":false},"author":2,"featured_media":119817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-119816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=119816"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816\/revisions"}],"predecessor-version":[{"id":119818,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816\/revisions\/119818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/119817"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=119816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=119816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=119816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Interestingly, while the total value of transactions conducted on the BTC network went up between May and June, BTC transactions count fell by 25%. <\/span><\/p>\nBTC remains tightly positioned <\/b><\/h4>\nAfter breaching the $31,000 price point briefly on 23 June, BTC’s price has since traded within a narrow range, maintaining the psychological $30,000 price region as support. At press time, the number one cryptocurrency exchanged hands at $30,212.56, logging a 50% drop in trading volume in the last 24 hours, per data from <\/span>CoinMarketCap<\/span><\/a>,<\/span><\/p>\nAn assessment of BTC’s price movements on a daily chart revealed that a new bear cycle was underway. On 6 July, the short-term moving average of BTC’s MACD indicator crossed below the long-term moving average, signaling a potential shift towards bearish momentum. <\/span><\/p>\nThis occurrence is often interpreted as a sell signal by traders and investors. Thus, it indicated a potential downtrend in an asset’s price.<\/span><\/p>\n\nIs your portfolio green? Check out the Bitcoin Profit Calculator<\/a><\/p>\n\nMoreso, key momentum indicators trended downwards at press time and have been so since the beginning of the month. This showed that while BTC’s price lingers in a narrow price range, buying momentum has fallen.<\/span><\/p>\nDespite all this, buyers remained solidly in control of the BTC market. A look at the asset’s Directional Movement Index (DMI) showed the buyer’s strength (green) at 25.48, resting above the sellers’ (red) at 14.50.<\/span><\/p>\n<\/noscript><\/a><\/p>\nSource: BTC\/USD, TradingView<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"Miner revenue on the Bitcoin network fell between May and June. As BTC traded in a narrow range, buying momentum withered. Bitcoin [BTC] miner revenue has experienced a decline on a month-over-month basis, despite the network witnessing a significant increase in on-chain transaction volume, data from The Block revealed. read Bitcoin’s [BTC] Price Prediction 2023-24 […]<\/p>\n","protected":false},"author":2,"featured_media":119817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-119816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=119816"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816\/revisions"}],"predecessor-version":[{"id":119818,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816\/revisions\/119818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/119817"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=119816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=119816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=119816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
After breaching the $31,000 price point briefly on 23 June, BTC’s price has since traded within a narrow range, maintaining the psychological $30,000 price region as support. At press time, the number one cryptocurrency exchanged hands at $30,212.56, logging a 50% drop in trading volume in the last 24 hours, per data from <\/span>CoinMarketCap<\/span><\/a>,<\/span><\/p>\nAn assessment of BTC’s price movements on a daily chart revealed that a new bear cycle was underway. On 6 July, the short-term moving average of BTC’s MACD indicator crossed below the long-term moving average, signaling a potential shift towards bearish momentum. <\/span><\/p>\nThis occurrence is often interpreted as a sell signal by traders and investors. Thus, it indicated a potential downtrend in an asset’s price.<\/span><\/p>\n\nIs your portfolio green? Check out the Bitcoin Profit Calculator<\/a><\/p>\n\nMoreso, key momentum indicators trended downwards at press time and have been so since the beginning of the month. This showed that while BTC’s price lingers in a narrow price range, buying momentum has fallen.<\/span><\/p>\nDespite all this, buyers remained solidly in control of the BTC market. A look at the asset’s Directional Movement Index (DMI) showed the buyer’s strength (green) at 25.48, resting above the sellers’ (red) at 14.50.<\/span><\/p>\n<\/noscript><\/a><\/p>\nSource: BTC\/USD, TradingView<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"Miner revenue on the Bitcoin network fell between May and June. As BTC traded in a narrow range, buying momentum withered. Bitcoin [BTC] miner revenue has experienced a decline on a month-over-month basis, despite the network witnessing a significant increase in on-chain transaction volume, data from The Block revealed. read Bitcoin’s [BTC] Price Prediction 2023-24 […]<\/p>\n","protected":false},"author":2,"featured_media":119817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-119816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=119816"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816\/revisions"}],"predecessor-version":[{"id":119818,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816\/revisions\/119818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/119817"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=119816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=119816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=119816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
An assessment of BTC’s price movements on a daily chart revealed that a new bear cycle was underway. On 6 July, the short-term moving average of BTC’s MACD indicator crossed below the long-term moving average, signaling a potential shift towards bearish momentum. <\/span><\/p>\nThis occurrence is often interpreted as a sell signal by traders and investors. Thus, it indicated a potential downtrend in an asset’s price.<\/span><\/p>\n\nIs your portfolio green? Check out the Bitcoin Profit Calculator<\/a><\/p>\n\nMoreso, key momentum indicators trended downwards at press time and have been so since the beginning of the month. This showed that while BTC’s price lingers in a narrow price range, buying momentum has fallen.<\/span><\/p>\nDespite all this, buyers remained solidly in control of the BTC market. A look at the asset’s Directional Movement Index (DMI) showed the buyer’s strength (green) at 25.48, resting above the sellers’ (red) at 14.50.<\/span><\/p>\n<\/noscript><\/a><\/p>\nSource: BTC\/USD, TradingView<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"Miner revenue on the Bitcoin network fell between May and June. As BTC traded in a narrow range, buying momentum withered. Bitcoin [BTC] miner revenue has experienced a decline on a month-over-month basis, despite the network witnessing a significant increase in on-chain transaction volume, data from The Block revealed. read Bitcoin’s [BTC] Price Prediction 2023-24 […]<\/p>\n","protected":false},"author":2,"featured_media":119817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-119816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=119816"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816\/revisions"}],"predecessor-version":[{"id":119818,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816\/revisions\/119818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/119817"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=119816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=119816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=119816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
This occurrence is often interpreted as a sell signal by traders and investors. Thus, it indicated a potential downtrend in an asset’s price.<\/span><\/p>\n\nIs your portfolio green? Check out the Bitcoin Profit Calculator<\/a><\/p>\n\nMoreso, key momentum indicators trended downwards at press time and have been so since the beginning of the month. This showed that while BTC’s price lingers in a narrow price range, buying momentum has fallen.<\/span><\/p>\nDespite all this, buyers remained solidly in control of the BTC market. A look at the asset’s Directional Movement Index (DMI) showed the buyer’s strength (green) at 25.48, resting above the sellers’ (red) at 14.50.<\/span><\/p>\n<\/noscript><\/a><\/p>\nSource: BTC\/USD, TradingView<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"Miner revenue on the Bitcoin network fell between May and June. As BTC traded in a narrow range, buying momentum withered. Bitcoin [BTC] miner revenue has experienced a decline on a month-over-month basis, despite the network witnessing a significant increase in on-chain transaction volume, data from The Block revealed. read Bitcoin’s [BTC] Price Prediction 2023-24 […]<\/p>\n","protected":false},"author":2,"featured_media":119817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-119816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=119816"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816\/revisions"}],"predecessor-version":[{"id":119818,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816\/revisions\/119818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/119817"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=119816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=119816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=119816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Is your portfolio green? Check out the Bitcoin Profit Calculator<\/a><\/p>\n\nMoreso, key momentum indicators trended downwards at press time and have been so since the beginning of the month. This showed that while BTC’s price lingers in a narrow price range, buying momentum has fallen.<\/span><\/p>\nDespite all this, buyers remained solidly in control of the BTC market. A look at the asset’s Directional Movement Index (DMI) showed the buyer’s strength (green) at 25.48, resting above the sellers’ (red) at 14.50.<\/span><\/p>\n<\/noscript><\/a><\/p>\nSource: BTC\/USD, TradingView<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"Miner revenue on the Bitcoin network fell between May and June. As BTC traded in a narrow range, buying momentum withered. Bitcoin [BTC] miner revenue has experienced a decline on a month-over-month basis, despite the network witnessing a significant increase in on-chain transaction volume, data from The Block revealed. read Bitcoin’s [BTC] Price Prediction 2023-24 […]<\/p>\n","protected":false},"author":2,"featured_media":119817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-119816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=119816"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816\/revisions"}],"predecessor-version":[{"id":119818,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816\/revisions\/119818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/119817"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=119816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=119816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=119816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Moreso, key momentum indicators trended downwards at press time and have been so since the beginning of the month. This showed that while BTC’s price lingers in a narrow price range, buying momentum has fallen.<\/span><\/p>\nDespite all this, buyers remained solidly in control of the BTC market. A look at the asset’s Directional Movement Index (DMI) showed the buyer’s strength (green) at 25.48, resting above the sellers’ (red) at 14.50.<\/span><\/p>\n<\/noscript><\/a><\/p>\nSource: BTC\/USD, TradingView<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"Miner revenue on the Bitcoin network fell between May and June. As BTC traded in a narrow range, buying momentum withered. Bitcoin [BTC] miner revenue has experienced a decline on a month-over-month basis, despite the network witnessing a significant increase in on-chain transaction volume, data from The Block revealed. read Bitcoin’s [BTC] Price Prediction 2023-24 […]<\/p>\n","protected":false},"author":2,"featured_media":119817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-119816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=119816"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816\/revisions"}],"predecessor-version":[{"id":119818,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816\/revisions\/119818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/119817"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=119816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=119816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=119816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Despite all this, buyers remained solidly in control of the BTC market. A look at the asset’s Directional Movement Index (DMI) showed the buyer’s strength (green) at 25.48, resting above the sellers’ (red) at 14.50.<\/span><\/p>\n<\/noscript><\/a><\/p>\nSource: BTC\/USD, TradingView<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"Miner revenue on the Bitcoin network fell between May and June. As BTC traded in a narrow range, buying momentum withered. Bitcoin [BTC] miner revenue has experienced a decline on a month-over-month basis, despite the network witnessing a significant increase in on-chain transaction volume, data from The Block revealed. read Bitcoin’s [BTC] Price Prediction 2023-24 […]<\/p>\n","protected":false},"author":2,"featured_media":119817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-119816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=119816"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816\/revisions"}],"predecessor-version":[{"id":119818,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816\/revisions\/119818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/119817"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=119816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=119816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=119816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Source: BTC\/USD, TradingView<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"
Miner revenue on the Bitcoin network fell between May and June. As BTC traded in a narrow range, buying momentum withered. Bitcoin [BTC] miner revenue has experienced a decline on a month-over-month basis, despite the network witnessing a significant increase in on-chain transaction volume, data from The Block revealed. read Bitcoin’s [BTC] Price Prediction 2023-24 […]<\/p>\n","protected":false},"author":2,"featured_media":119817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-119816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=119816"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816\/revisions"}],"predecessor-version":[{"id":119818,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119816\/revisions\/119818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/119817"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=119816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=119816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=119816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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