Bitcoin Miners Drive Price Gains As Hash Rate and Fees Hit Milestones
• Recent Bitcoin price gains driven by inflows into publicly traded Bitcoin miners, which are expanding into areas like AI and data centers • Rise of Bitcoin "ordinals" like NFTs generating new revenue streams and activity • Bitcoin hash rate reaching all-time highs, indicating increased mining activity and infrastructure investment • Bitcoin transaction fees exceeding block rewards for first time, promising future revenue for miners • Bitcoin price up 60% since October after trading around $27k, currently above $42k