BTC is priced at $62,775 at the time of writing, up 1.8% in 24 hours. The wider digital market, as measured by the CoinDesk 20 Index , also ticked up, adding 0.55%. April's U.S. Consumer Price Index inflation data is due at 08:30 ET, with expectations that it will show a 3.4% year-on-year increase, slower than March's 3.5%. Some analysts expect a softer-than-expected CPI reading could lift bitcoin above $65,000.
Miners earn revenue from two sources: block rewards and transaction fees. Miners receive a fixed amount of BTC as a reward for adding new blocks, along with transaction fees for including transactions in the blocks they mine. The spike, driven by the new Runes protocol, helped to compensate for the block reward being cut in half, but this proved to be short-lived.
The increased government spending, though positive for risk assets, including cryptocurrencies, could eventually add to inflationary pressures.Lido Co-Founders, Paradigm Secretly Back EigenLayer Competitor as DeFi Battle Lines Formin a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.
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Source: CoinDesk - 🏆 291. / 63 Read more »
Source: CoinDesk - 🏆 291. / 63 Read more »
Source: CoinDesk - 🏆 291. / 63 Read more »