Bitcoin halving and Covid-19
Traders should keep in mind that no halving is like the other and that the circumstances can vary every four years, considering that cryptocurrencies are volatile assets. To spice things up, the Coronavirus crisis is currently shaking the world economy to the core and might have an impact.
As most of the Bitcoin mining is done in China, the Coronavirus impact on mining remains a concern. To monitor the situation, we can look at the Bitcoin hash rate (computing power needed to confirm transactions on the blockchain), which is an indicator of health of the network. At this time, the hash rate of Bitcoin is stable to slightly rising, which will probably enable miners to continue making healthy profits even after the halving.