Bitcoin miners are making more money than ever before. Halving helped them reach a new record

Bitcoin's halving of the bitcoin exchange rate is behind us, but its topic is still not off the cryptocurrency community's lips. Although the BTC exchange rate is gradually bouncing back upwards, which is not due to supply shock but rather a calming of sentiment on the geopolitical backdrop, the most discussed topic at the moment is the earnings of BTC miners.

On Saturday, April 20, Bitcoin network miners recorded a record day in terms of earnings from their operations

Indeed, on this day they earned a staggering 107 million dollars. 75% of that amount came from transaction fees

A new record on the BTC network

Many wondered how bitcoin miners would behave after the reward paid to them for each additional block mined on the network was cut by 50% in a fourth halving. Energy costs aren't going down, after all, and it will probably take some time for the price of BTC to rise by a few tens of percent, hence the speculation about their profitability.
For now, however, there are plenty of signs that this group key to the ecosystem of the largest cryptocurrency will somehow pull through. On April 20, the day after halving, a new historical record was set for the amount of revenue that miners recorded in a day.
They earned a total of $107 million, beating the previous peak set in April 2021. Back then, they managed to get 77 million dollars in revenue from their operations in a single day.
It is worth noting that Saturday's record should be attributed mainly to transaction fees, which accounted for 75% of this amount, namely 80 million dollars. The factor that led to this situation was the significantly increased activity of BTC blockchain users, who were mining new tokens based on a new protocol - Rune, launched on the same day on this network, which led to a reduction in miners' remuneration from 6.5 BTC to 3.125 BTC.
According to Dune Analytics, transactions made using this system accounted for 57% of all transactions made that day. This resulted in more than 12,200 BTC in transaction fees.
It is also worth mentioning that the block number 840,000, in which there was a halving, brought as much as 2.4 dollars to the miners.

How is the bitcoin price doing?

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On its price chart, bitcoin isn't showing any amazing midnight moves yet. As of this writing, it is trading at $66,155. This is virtually identical to seven days ago.
The king of cryptocurrencies has been moving in the $60,000 to $70,000 range for some time now, going down and up after reports of macroeconomic (including US interest rates) and geopolitical (potential conflict between Iran and Israel) backdrop.
Analysts, however, expect another spike to occur soon, with the price of BTC reaching around $100,000 by the end of the year.