The hype surrounding Bitcoin has decreased, resulting in a slowdown of miner revenue. However, the introduction of the BRC-20 token standard caused a surge in Bitcoin miner revenue, reaching a peak of $17.8 million.
This increase in revenue attracted more miners, resulting in an overall increase in Bitcoin's hash rate. The recent spike in miner reserves is a positive indicator of market sentiment and may lead to a surge in Bitcoin's performance in June.
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