JPMorgan’s Latest Bitcoin Analysis Reveals Surprising Insights for 2025

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.

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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.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.