24/7 Cryptocurrency News

Bitcoin (BTC) Mining Difficulty Hits ATH As Halving Sentiment Reboots

The Bitcoin mining difficulty has recorded its highest level of 83,947,913,181,362, a move that shows growing interest ahead of halving
Published by
Bitcoin (BTC) Mining Difficulty Hits ATH As Halving Sentiment Reboots

Highlights

  • Bitcoin halving is barely weeks away
  • The sentiment surrounding this event has spooked growth to ATH of Bitcoin mining difficulty
  • Combined with Spot Bitcoin ETF, this mix might drive BTC price surge in the future

The Bitcoin (BTC) network has adjusted its difficulty level, hitting a new All-Time High (ATH) as industry giants prepare for the halving event slated for 26 days.

Advertisement

Bitcoin Mining Difficulty: Data Insight

According to data from Blockchain.com explorer, the Bitcoin mining difficulty as of March 21 when the last readjustment was computer comes in at 83,947,913,181,362. Since the inception of the digital currency, the hashrate has always been in an upward movement save mid-2021 and April 2022 when the Chinese government proscribed Bitcoin mining activities.

Bitcoin Difficulty Chart. Source: Blockchain.com/explorer

The growth of the Bitcoin mining difficulty metric comes with more miners plugging into the network, underscoring the growing interest to pick a share of the unmined BTC left from the total supply. 

The interest of miners in this coming halving is sparking a lot of preparation overall. With the emergence of spot Bitcoin Exchange Traded Fund (ETF) products, the slash in miner’s revenue from 6.25 BTC per block to 3.125 BTC might mark a slowdown, but with the ready demand crunch, it might boost the value of Bitcoin over time. 

This demand-supply imbalance that would be ushered in eventually is considered the needed catalyst to boost the price valuation of Bitcoin in the long term. With the upcoming halving event, many miners may not be able to compete with the Bitcoin mining difficulty adjustments and ultimately make their exits from the market.

However, the well-funded Bitcoin miners are investing and re-allocating in the latest mining equipment to score a competitive advantage overall.

Advertisement

Bitcoin Price Post Halving Projection

Besides the Bitcoin mining difficulty, the trends in the ecosystem have sparked a bout of predictions from industry experts on what the price of BTC can soar to in the long term. Among the top Bitcoin halving price targets shared comes from QCP Capital, a firm that believes the price of BTC will surpass its previous $73,000 ATH with heightened activity during the halving event.

When combined with the Bitcoin ETF, experts like “Rich Dad Poor Dad” Author Robert Kiyosaki are optimistic that the price of BTC will soar to $300,000 by the end of this year. Amid these bullish projections, a retest of $50,000 is not ruled out, especially if there is a considerable slowdown in BTC accumulation by the top spot ETF issuers.

Share
Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Bitcoin News

Bitcoin Treasuries Add Nearly $1B BTC This Week as Holdings Cross 1M BTC

This week, corporate Bitcoin treasuries exceeded 1 million BTC in total holdings. From September 1…

September 7, 2025
  • Bitcoin News

Peter Schiff Criticizes Bitcoin’s Performance Following Gold’s Rally To New ATH

Popular gold advocate Peter Schiff has criticized Bitcoin’s weakness against gold, calling it near bear…

September 7, 2025
  • Bitcoin News

Arkham Uncovers $5 Billion in Untouched Bitcoin From Germany’s Movie2K Seizure

Arkham Intelligence has identified 45,000 Bitcoin (BTC), valued at nearly $5 billion, that remains untouched…

September 7, 2025
  • 24/7 Cryptocurrency News

Ethereum Spot ETFs Record $447 Million in Outflows Amid Crypto Market Decline

Ethereum ETFs faced a sharp investor pullback this week, shedding nearly half a billion dollars…

September 6, 2025
  • 24/7 Cryptocurrency News

World Liberty Financial Discloses Reason for Blacklisting 272 Wallets

World Liberty Financial (WLFI) has confirmed that it blacklisted 272 wallets and explained why it…

September 6, 2025
  • 24/7 Cryptocurrency News

September 50 BPS Fed Rate Cut Odds Climb Ahead of CPI, PPI Data

Traders are beginning to price in the possibility of a 50 basis points (bps) Fed…

September 6, 2025