JP Morgan anticipates a decline in Bitcoin's price post-halving, suggesting ongoing saturation in the buying range. Per JP Morgan's data, post-halving Bitcoin mining costs are projected to reach approximately $42,000, likely prompting unprofitable miners to exit the network,with expected adjustments to the hash rate

The recent decline in Bitcoin mining company stocks, including Marathon, Riot, and CleanSpark, has been notable, with shares falling for three consecutive days. Additionally, the Valkyrie Bitcoin Miner ETF has seen a decline of about 28% this month.

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1 $degen