Mining revenue for bitcoin has hit its all-time high over the weekend as the value of the world’s largest cryptocurrency continued to rise.

According to The Block data, the seven-day moving average of miner earnings hit $68.28 million on March 9, surpassing the previous all-time high of $67.15 million in May 2021. The revenue rose further to $68.35 million on Sunday.

Bitcoin set its record price of $72,711 on Monday. It has since traced back to trade around $72,000, but it still marked a 5% growth in the last 24 hours leading up to Tuesday afternoon in Asia, The Block’s Price Page data showed. 

The bitcoin price rose by over 230% from its value one year ago, on the back of spot bitcoin ETF approvals in the U.S. earlier this year. Last week, the transaction volume on the bitcoin …