JP Morgan "Bitcoin (BTC), November Mining Efficiency Improvement"

According to a report by JP Morgan on the 2nd (local time) from the cryptocurrency media Coindesk, "Bitcoin (BTC) mining efficiency in November increased by 24% compared to the previous month, averaging 52,000 EH/s." The report stated, "After the U.S. presidential election on November 5th (local time), the transaction fee of the Bitcoin network increased significantly," and explained, "Such an increase in fees has somewhat offset the price when determining mining efficiency." It added, "The Bitcoin network hash rate shows a lower level compared to the price increase." According to the report, the average Bitcoin network hash rate in November was 731 EH/s, a 4% increase compared to the previous month, while mining difficulty increased by 7% compared to the previous month. During the same period, the total market capitalization of 14 Bitcoin mining companies recorded a rapid increase of 52%, reaching 36.2 billion dollars. Meanwhile, BTC was traded at 9,5916.95 dollars, a 1.19% decrease compared to the previous day, based on the Binance Tether (USDT) market.