Following the recent Bitcoin halving on April 20th, the cryptocurrency market has experienced significant shifts. The halving event, which historically precedes major bull runs, has this time led to a 30% slide in Bitcoin hashprice, affecting miners' earnings. Despite this decline, Bitcoin miner revenue has remained stable. However, the profitability of Bitcoin mining has been squeezed due to the sharp drop in hash prices. Additionally, many altcoins lost half their value in the runup to the halving.
#Bitcoin miner profits squeezed after a sharp decline in hash prices. https://t.co/Qn4m8dFMEG
Bitcoin miner revenue holding steady following halving https://t.co/PBsZR1KYEw
Bitcoin before and after #halving https://t.co/gWjX28qvof
The latest Bitcoin halving took place on April 20th. Historically, halving has always preceded a big crypto bull run. We'll see if that happens this time. Many altcoins lost half their value in the runup to the halving.
Post-Halving Fallout: #Bitcoin Hashprice Slides 30%, Miners’ Earnings Hit https://t.co/yH0UzeGcrZ