miners continued to generate large amount of fees over the last few days, signaling ongoing profitability in the mining sector.
The introduction of runes has bolstered mining profitability by opening avenues for the creation of new cryptocurrencies and tokens within the Bitcoin ecosystem.However, recent data suggests a decline in interest surrounding Bitcoin runes, alongside other Ordinal NFTs. With declining enthusiasm for runes and associated NFTs, miners may face increased selling pressure as profitability diminishes, potentially leading to a decrease in overall mining revenue.
However, there may be a silver lining on the horizon for Bitcoin runes. The recent announcement from Binance regarding a potential listing of runes on its network hints at a possible resurgence in interest.
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