Bitcoin soared after the last halving in May 2020, and miners joined in. At the time, there weren’t many large-scale miners. This time around, though, the market is crowded with many large-scale miners, who will compete for bitcoin rewards that will be cut to 3.125 from 6.25 bitcoin. On top of that, the difficulty of mining a block has also risen to an all-time high, which will make things even tougher post-halving.
Bitcoin(BTC)$97,080.003.54%
Ethereum(ETH)$3,315.357.28%
XRP(XRP)$1.111.31%
Bitcoin Cash(BCH)$480.878.51%
Litecoin(LTC)$88.584.64%
Ethereum Classic(ETC)$27.276.28%
Monero(XMR)$160.28-0.40%
Dash(DASH)$28.934.84%
