Analysts at JPMorgan noted that Bitcoin mining profitability fell to an all-time low as network hashrate rose in the first two weeks of August. Despite this, the share of network hashrate among US-listed miners rose to 26%, a new high. JPMorgan also said that Bitcoin network hashrate has increased by about 1% since August to an average of 621 EH/s, but it is still 30 EH/s lower than before the halving. In addition, Bitcoin price has declined by about 5% since the halving, but it is still up 35% ...
Scott Rubner, a technology family at Goldman Sachs Group, pointed out that investors will have a short window of bargain-hunting to absorb US stocks at the end of August as selling pressure from systematized funds eases and public companies increase share buybacks. Rubner said this was his last bearish stock market in August, as the worst supply and demand mismatch in the stock market will end in August, after which he will turn tactically bullish on August 30. Previously, Rubner had recommended...