In the past half month, the price of Bitcoin once fell to a minimum of nearly 50,000 U.S. dollars after breaking through 60,000 U.S. dollars. For a period of time, the price has been in a stalemate and fluctuates frequently. But no matter how the currency price fluctuates, judging from the income of miners, it is still rising.
The data collected by The Block Research shows that Bitcoin miners' income in March has exceeded 1.5 billion U.S. dollars, reaching a record high. The highest historical figure in March surpassed that in February, when the total income of miners was US$1.36 billion.
The most noteworthy thing is that on March 29, there was news that VISA allowed the use of cryptocurrency for payment and settlement. Affected by this news, the price of Bitcoin rose in a short-term, breaking through $57,800 per coin. In any case, Bitcoin is a high-risk financial product, and its price fluctuates greatly. Therefore, investors need to manage their investment rationally according to their own investment philosophy and control strategies.
It is undeniable that the current currency price does show great volatility, but for miners, it is only the difference between a big and a small profit. The bull market continues, and mining is still profitable. Even if it is not a veteran and veteran miner who has experienced a bear market or a bull market, speculators who enter the market at this stage can also get good returns.