Can Miners Survive Lower Bitcoin Fees and Reduced Rewards?

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. Let's take a look at the chart of the day or Bitcoin fees are putting miners in a challenging position. According to new data from ko miners could be beginning to feel the pressure of reduced minor rewards and could be forced to sell their Bitcoin putting pressure on the markets higher fees after the most recent having alleviated some of the posts having stress for minors. But as those fees taper off, firms might be forced to sell assets to cover costs. The data analytics firm said Bitcoin miners typically recognize Bitcoin holdings as current assets on their balance sheet due to the ability to sell holdings in order to fund operating expenses, marathon digital hold over a billion dollars worth of Bitcoin. While riot platforms hold over $500 million. Heiko says if miners were forced to sell even a fraction of their holdings, it would have a negative impact on market. That's it for today's chart of the day. I'm Jen Sani. We will see you next time to unpack more of the data behind top news stories.