JPMorgan Chase: U.S. listed mining companies' network hash rate reached a record high of 29% in October

Bitget App

Trade smarter

Bitget

News

Cointime2024/10/16 13:39

By:Cointime

The mixed hash rate of 14 Bitcoin mining companies listed in the United States tracked by JPMorgan now accounts for 28.9% of the network hash rate, reaching a historical high. Analysts Reginald Smith and Charles Pearce wrote: "The total hash rate of the 14 listed mining companies in the United States tracked has increased by about 70% (80 EH/s) so far this year, reaching 194 EH/s, while the network hash rate has increased by 33%, currently accounting for a record-breaking approximately 28.9% of the global network hash rate." The bank said that since the Bitcoin halving event earlier this year, this number has increased by nearly 8%, reflecting the efficiency and financing advantages of some listed mining companies.

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.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14