JP Morgan: Bitcoin mining stock market cap fell by around 22% in February
2025-03-04 21:33:47
According to a JPMorgan research report, bitcoin mining stocks are facing difficulties as the cryptocurrency price decline further exacerbates the business model that has come under pressure due to the bitcoin network's halving in April. Mining stocks tracked by JPMorgan collectively lost 22% of their market value in February as falling bitcoin prices affected mining profits and prospects, the report said.
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