Rajarshi Mitra
Independent Analyst
- Following the May 11 halving, Bitcoin’s hash rate has been dropping in a downtrend.
- The hash rate has been recovering as new miners are increasingly entering the market after the halving event.
- Users are securing the Bitcoin network again and are trying to improve the entire ecosystem.
Bitcoin’s hash rate has been dropping in a downtrend since the third halving event that took place on May 11, 2020. The main issue that surrounded the event was that rewards were reduced by 50% and mining difficulty remained the same. Now that the difficulty has been adjusted for miners, they are entering the BTC network once again.
In the last few days, Bitcoin’s hash rate has been recovering as new miners are increasingly entering the market after the halving event. Users are securing the Bitcoin network again and are trying to improve the entire ecosystem.
For the uninitiated, Bitcoin experiences a halving event once in about four years and it reduces the new issuance of the crypto by half. If the prices are stable, miners lose 50% of their mining rewards. They do not always have to sell their coins to remain profitable, but the threshold to stay in the market certainly reduces following the halving event. The recovery of the BTC hash rate was possible because of Bitcoin’s difficulty falling for the second consecutive time in a row - 6% down on May 20th and 9.29% down on April 4th.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Dozens of crypto-related ETFs await SEC approval, among them those related to XRP, Litecoin, and Solana
Eric Balchunas, Senior ETF Analyst for Bloomberg, highlights 72 crypto-related ETFs awaiting SEC approval. The diversity of these ETFs encompasses major cryptocurrencies, such as XRP, Litecoin, and Solana, as well as meme-based memecoins.
Aptos price extends gains on broader crypto market recovery, presence in Osaka expo
APT token rises for the second consecutive day amid a widespread crypto recovery and expectations of growing adoption. Aptos powers the official digital wallet of Expo 2025 in Osaka, processing over 588,000 transactions with 133,000 new accounts.
Bitcoin bullish momentum builds as premium exceeds 9% for first time in three months
Bitcoin price is extending its gains, trading above $94,000 at the time of writing on Wednesday, following a two-day rally of 9.75% so far this week. BTC rally gathers momentum as trade war fears ease, following US President Donald Trump’s downplaying of tensions with China.
Solana and Sui surge, igniting interest in DeFi as TVL rebounds
Altcoins like Solana (SOL) and Sui gain strength on Wednesday, buoyed by several factors, including a significant recovery in the networks' Total Value Locked (TVL) in Decentralized Finance (DeFi).
Bitcoin Weekly Forecast: BTC holds steady, Fed warns of tariffs’ impact, as Gold hits new highs
Bitcoin price consolidates above $84,000 on Friday, a short-term support that has gained significance this week. The world's largest cryptocurrency by market capitalization continued to weather storms caused by US President Donald Trump's incessant trade war with China after pausing reciprocal tariffs for 90 days on April 9 for other countries.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.