News list for " in a study"
Bitcoin (BTC) daily mining revenue and gross profit fell for the fourth consecutive month in October, JPMorgan Chase (JPM) said in a research note on Friday. JPMorgan estimates that gross profit from Bitcoin daily block rewards fell by 2% in October, reaching its lowest level on "recent records." On the positive side, transaction fees spiked to 60% of block rewards at the end of the month, providing some relief to hash prices.
Citi (C) said in a research note on Wednesday that a sweeping Republican victory in the upcoming U.S. election would be the most favorable outcome for Coinbase and the broader crypto market, while a Harris victory and a divided Congress could lead to more uncertainty in the digital asset industry. Citi pointed out that the existing House Financial Services subcommittee is composed of several Democrats who are strongly opposed to cryptocurrencies. However, they "can...
In a research note on Tuesday, JP Morgan said bitcoin mining profitability is at an all-time low. "We estimate that bitcoin miners' daily block reward revenue averaged $43,600 per EH/s in August, the lowest on record," the analyst wrote. This compares to a peak of $342,000 in November 2021, when BTC was trading at $60,000 and the network hash rate was 161 EH/s.
Ethereum spot ETFs have seen net outflows overall since their launch last month, while the spot bitcoin ETFs launched earlier this year have been more successful, JPMorgan said in a research note on Wednesday. Ethereum funds saw net outflows of about $500 million, while bitcoin ETFs saw net inflows of more than $5 billion. The bank said the weak data from the Ethereum ETF was somewhat expected, pointing to bitcoin's "first mover advantage", lack of staking, and lower liquidity implications.
