Bitcoin price fell significantly during the last two days, dropping below $36,000 on Friday, which represents a more than a 45% decline since its November highs. This led to the market capitalization of the entire crypto-economy to drop to around $1.7 trillion.

Furthermore, bitcoin mining difficulty has reached its lifetime high of 26.643 trillion after jumping 9.32% at block height 719,712, meaning it's currently more difficult than ever before to find a block reward.