Bitcoin Network Hits Record Highs Amid Slowing Growth: Mining Difficulty Drops 2%
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Bitcoin Network Hits Record Highs Amid Slowing Growth: Mining Difficulty Drops 2%

According to a report by JPMorgan, as cited by CoinDesk, the growth of Bitcoin’s network computing power slowed significantly in January. The average monthly computing power increased by just 1%, reaching 785 exahashes per second (EH/s), while mining difficulty experienced a rare 2% month-on-month decline. The report highlighted that the 7-day moving average of computing…