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Crypto

Bitcoin Recovers to $77,000 Amid Stronger Mining Economics

Guavy AI Editorial Team
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BTC
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Bitcoin has recovered from its earlier losses, trading at $77,307.0 as of August 23rd after a pullback from its recent rally.

The price recovery is providing relief to miners, with Bitcoin's hashprice climbing 20.4% over four days to $38.29 per petahash per second on Saturday from $31.80 on August 18th.

Miners had earned $682.69 million from block subsidies and transaction fees in August through Saturday, with only $5.14 million coming from fees.

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