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JPMorgan’s Latest Bitcoin Analysis Reveals Surprising Insights for 2025

JPMorgan’s Latest Bitcoin Analysis Reveals Surprising Insights for 2025

CryptodnesCryptodnes2025/02/06 07:44
By:Cryptodnes

Bitcoin experienced significant fluctuations in January, setting a new record by surpassing $108,000 but later dipping to around $89,000, a level last seen in November 2024.

While the price movement raised questions, the network’s hash rate, a key indicator of mining competition and difficulty, showed a subtle increase.

Despite the mixed price performance, the Bitcoin network’s hash rate grew modestly. Analysts from JPMorgan noted that January saw a small uptick in the hash rate, with an increase of 1% bringing it to 785 exahashes per second (EH/s). At the same time, mining difficulty saw a slight reduction, falling by 2% for the month.

However, the drop in mining difficulty was seen as unusual, as it rarely occurs. Still, analysts pointed out that the current difficulty is 25% higher than it was before the halving event in April 2024.

READ MORE:
El Salvador Expands Bitcoin Reserves, Holdings Reach $554M

In terms of mining profitability, there was a slight improvement. Miners saw a small increase in earnings, with an average daily block reward of $57,200 per EH/s, a less than 1% gain compared to the previous month.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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