This surge in mining revenue coincided with Bitcoin’s price reaching an all-time high.
The market cap of Bitcoin has now surpassed $1.4 trillion, overtaking silver and positioning itself as the eighth largest asset globally.
The surge is part of a broader bullish trend, with many analysts predicting a potential rise to $5000.
The move is a boon for Web3 developers as it facilitates smoother interactions across different EVM chains within the Avalanche network.
Bitcoin’s value has already surged in the European morning hours, closely approaching its all-time high of $69,000 recorded in November 2021.
Currently, Bitcoin trades above $62,000, with its market capitalisation soaring to $1.240 trillion, securing its position among the top ten largest financial assets globally.
The cryptocurrency market is currently witnessing a significant upswing, led by the impressive performance of Bitcoin, which has seen a 21% increase over the past week, reaching above $62,800.
Shiba Inu developer has revealed key advancements, addressing the hiccups faced in the SHEboshi NFT release.
EigenLayer has played a pivotal role in the growth of TVL across liquid staking protocols.
Bitcoin has surpassed leading corporations such as Tesla and Visa to secure its position among the top assets globally.
