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Updated: Sep 17, 2024

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bhguniversity

October 23, 2024, 5:34

💰 Bitcoin miners combined $28 billion market cap potentially undervalued compared to BTC trading volumes

Bitcoin’s daily trading volume is regularly surpassing the total market capitalization of public Bitcoin mining companies, amid concerns public miners are overvalued. On Oct. 21, Bitcoin recorded $37 billion in spot trading volume, maintaining a trend between $20 billion and $40 billion throughout 2024. Bitcoin derivative’s open interest has also reached an all-time high of around $40 billion.

Source

https://t.me/Crypto_Bitcoin_Blockchain