Bitcoin and ethereum miners see revenue slip in June as crypto prices struggle to climb back from brutal selloff

Bitcoin and ethereum miners see revenue slip in June as crypto prices struggle to climb back from brutal selloff

Bitcoin vs. Ethereum

The revenue of bitcoin and ethereum miners was nearly halved for the month of June, as the two largest cryptocurrencies by market capitalization saw both their prices drop and transaction volume decrease.

Bitcoin miners saw their revenue slip by 42% to $839 million compared to May’s $1.45 billion, according to data from The Block. The hash rate of the digital asset has dropped 50% in June to its lowest level in a year.

Meanwhile, ethereum…


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