【Market Update】Bitcoin miners are finally emerging from the doldrums: daily industry revenue has rebounded from a July low of about $27 million to a peak of $48 million, an increase of 78%. CryptoQuant’s weekly report shows that this recovery was driven mainly by a strong rebound in $BTC —Bitcoin has climbed more than 45% from around $58,000 to above $83,000. The “hashprice” metric, which measures mining profitability, has also recovered in tandem, with expected returns per unit of computing power improving and financial pressure on miners easing noticeably.

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