Revenues from bitcoin and ethereum miners fell almost in part during the month of June, as the two largest cryptocurrencies through market capitalization saw their trading volume fall and decline.
Bitcoin miners saw their revenue drop 42% to $839 million from $1,450 million in May, according to the block’s knowledge. The hash rate of the virtual asset fell 50% in June to its lowest point in a year.
Meanwhile, Ethereum miners saw their revenue drop 53% to about $1. 1 billion from last month’s all-time high of $2. 35 billion, according to The Block.
At 11:10 a. m. ET, bitcoin is at $33,556 and Ethereum at $2,126.