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Bitcoin Mining Revenue and Profit Decline for Fourth Consecutive Month: JPMorgan Report

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JPMorgan's research report revealed that daily bitcoin mining revenue and gross profit decreased for the fourth consecutive month in October. The report also highlighted that mining difficulty reached an all-time high during the same period. Additionally, the bank noted that daily block reward gross profit hit a recent record low. Despite this, Bitcoin's price continued to rise, breaking the $64K mark.

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