The Bitcoin mining industry has endured significant financial stress throughout 2022 as a prolonged bear market directly affects their earnings.
However, on June 13, the lowest day of the year, miners’ mining revenue increased by 68.63% in one month.
During the year, Bitcoin BTC 2.77% mining revenue declined due to a combination of factors centered on investor sentiment, driven by tensions caused by market crashes, ecosystem collapses, and money-losing investments.
The Bitcoin ecosystem has recovered amid numerous determinants, including miners’ dollar revenue, network difficulty, and hash rate.
