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Title: 24 Bitcoin Miners’ Revenue Hit $71 Billion in Epic Milestone: Details
Bitcoin’s remarkable journey has reached a new height as the revenue of 24 top bitcoin miners soared to an unprecedented $71 billion. This staggering figure marks a significant milestone, indicating the cryptocurrency’s continued growth and resilience.
As reported by Tomiwabold Olajide, a renowned cryptocurrency analyst, this extraordinary achievement is further fueled by the recent consumer price index (CPI) announcement. The CPI, which remained steady at 0.3% for November, has led many experts to predict that the Federal Reserve may lower interest rates once again in its upcoming meeting next week.
In light of these developments, Bitcoin has responded positively, retesting the $102,000 mark for the second time this week and reaching an intraday high of $102,650. This impressive surge has fueled speculation that the cryptocurrency’s price may potentially double by the end of 2025, with some predicting a whopping $250,000 ceiling.
In his latest publication on Wednesday, Tom Lee, the renowned Fundstrat analyst, expressed optimism regarding Bitcoin’s potential in the coming year, stating that it could reach an “upside to $250,000” due to its historically reliable performance during periods of inflation.
Bitcoin’s recent record high stands at a staggering $103,844.
Source: u.today
