Bitcoin Network Sees Slight Hashrate Increase Amid Decreased Mining Difficulty

According to PANews, a recent report by CoinDesk highlights that JPMorgan has observed a slight increase in Bitcoin's network hashrate in January, rising by just 1%. Meanwhile, mining difficulty experienced a 2% decrease month-over-month. Analysts Reginald Smith and Charles Pearce noted that this scenario is relatively uncommon and presents a mild tailwind for Bitcoin mining economics. They also mentioned that the network difficulty remains 25% higher compared to levels before the halving event in April of last year.