Bitcoin (BTC) returned to $9,000 on May 13 as new data revealed simply how much coin miners are losing after the third halving.

Cryptocurrency market daily overview

Cryptocurrency market daily overview. Source: Coin360

BTC toll stable despite big halving changes

Data from Cointelegraph Markets and CoinMarketCap tracked BTC/USD as it rose to just have the $9,000 level one time over again on Midweek subsequently a two-day absence.

Support above the $8,000 range has yet to announced post-obit the halving, itself preceded by a wink drop in the Bitcoin toll which momentarily hit the 200-day moving average around $8,200.

Bitcoin 1-day chart

Bitcoin 1-twenty-four hours chart. Source: CoinMarketCap

"Volatility draining downwards on $BTC, which suits altcoins equally some are showing forcefulness," Cointelegraph analyst Michaël van de Poppe summarized.

The road to fee-driven financial security

Meanwhile, the touch on of the issue on miners became clearer as data confirmed that on May 12, revenue dropped by around 47%.

From $17.16 million of block subsidies and transaction fees the 24-hour interval previously, Tuesday's total was $eight.95 million, figures from monitoring resource Blockchain reveal.

Bitcoin miner revenue 1-month chart

Bitcoin miner acquirement 1-calendar month chart. Source: Blockchain

Commenting on the changes, Mario Gibney, customer back up pb at Blockstream, wrote on Twitter:

The outset mining reward of #bitcoin's 4th epoch is 7.16 BTC (6.25 cake subsidy + 0.91 in fees). That means 12.seven% is made up of transaction fees. An indication of the brave new world of fee-based security we're venturing toward?

Consensus suggests that as time goes on, Bitcoin fees volition have to rise to suit increased demand and the premium of verifiable secure financial transactions.

Now, fees as a percentage of payouts to miners are all the same far from the levels seen even at concluding twelvemonth's price highs of $xiii,800, as the overall number of transactions is lower.

Continue track of top crypto markets in existent time here