Crypto NewsAnalysisBitcoin (BTC) Report from JPMorgan! "A Rare Situation!"

Bitcoin (BTC) Report from JPMorgan! "A Rare Situation!"

JPMorgan analysts noted that January was a quiet month in terms of Bitcoin hashrate growth.

Follow Bitcoin Sistemi Google News Button

January was a month of ups and downs for Bitcoin. At this point, BTC broke a new record by exceeding $ 108,000 in January, but on the contrary, it fell to the level of $ 89,000, last seen in November 2024.

While BTC paints a mixed picture, the Bitcoin network hash rate, which represents the competition and difficulty in the mining sector, increased in January.

JPMorgan analysts, discussing the change in Bitcoin hashrate, stated that January was a quiet month in terms of hashrate growth.

JPMorgan analysts said the Bitcoin network hash rate increased slightly in January, Coindesk reported.

At this point, analysts stated that the monthly average hash rate increased by 1% to 785 exahashes per second (EH/s), while mining difficulty decreased by 2% on a monthly basis.

Analysts Reginald Smith and Charles Pearce said:

“A drop in Bitcoin mining difficulty is relatively rare.

“Although there was a decrease in network difficulty in January, the current network difficulty is 25% higher than before the halving event last April.”

The bank recently reported that mining profitability also increased slightly in January, with miners earning an average of $57,200 per EH/s in daily block rewards. This figure represents a less than 1% increase compared to December.

*This is not investment advice.

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
Buradaki Yorumlardan Bildirim Al
Bildir
guest

0 Comments
Latest
The oldest Top Rated
Inline Feedbacks
View all comments

Popular Posts of the Week