Bitcoin miners enjoyed a solid end of spring, with a further spike in transaction fees caused by the increased use of Bitcoin Ordinal Inscriptions–an average 15% increase in the daily production throughout the month.
The price of Bitcoin fell by 7% during the month of May to close at $27,219 while mining difficulty actually increased by 3.2% during the month due to the increased hashrate on the network and overall reducing the amount of Bitcoin achieved by the miners.
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