RE: This will march on today28 Dec 2023 11:28
Whilst price of Bitcoin is obviously hugely important, as is the below:
https://ycharts.com/indicators/bitcoin_average_transaction_fee
Average bitcoin fee is currently $21.43 and this was around $1 a year ago. This is due to increased usage of the chain, which is likely due to the Bitcoin ordinals 'clogging up' the chain.
The above fees are in addition to successfully mined bitcoins, meaning that the increased usage whilst not necessarily good for Bitcoin as a whole, is extremely good the miners.