Concerns Grow Over Bitcoin Mining Area and Transaction Fees

Bitcoin miners are expected to face increasing pressure due to lower block rewards and shrinking profit margins.

After the long-awaited fourth Bitcoin halving was successfully completed on April 20, miners' struggle for profitability began. The event reduced the amount of assets produced daily by reducing block rewards from 6.25 BTC to 3,125 BTC. This greatly affected miners' profitability as they would rely more on transaction fees and higher BTC prices to stay afloat