JPMorgan: Bitcoin Economy is Improving! Miners Break Seven-Month Record - Coin Bulletin

According to a report published by JPMorgan, the Bitcoin (BTC) mining economy continued to improve in December.

The report states that the increase in Bitcoin price has surpassed the rise in network difficulty level, and this has increased the hash price metric that measures miners' daily profitability by 5 percent.

Hash rate and economic data

JPMorgan analysts Reginald Smith and Charles Pearce stated that the Bitcoin network's hash rate reached an average of 773 EH/s in December, increasing by 6 percent.

Analysts noted that Bitcoin miners earned approximately $57,300 per EH/s from daily block rewards in the first two weeks of December. This figure stands out as the highest level in the last seven months, approximately 40% lower compared to pre-halving levels.

The impact of miners on the U.S. stock markets

Please provide the text to be translated. It was stated that the total hash rate of 14 miners tracked by JPMorgan and traded on US exchanges has increased by 94 percent since the beginning of the year and reached 222 EH/s. This rate constitutes approximately 29 percent of the global Bitcoin network.

However, according to JPMorgan's analysis, despite the total market value of tracked mining companies showing an increase of more than 50% after the US presidential elections, it decreased by 4% in the recent period, amounting to 1.5 billion dollars.