MARA - Missing Out? Bitcoin Miner Stocks Offer Buying Opportunity Before Halving Says JPMorgan | Benzinga
The crypto mining sector experienced a tumultuous first half of March despite Bitcoin itself reaching new all-time price highs, according to a JPMorgan Chase report.
What Happened: The report, led by analysts Reginald L. Smith and Charles Pearce, detailed complexities of the Bitcoin (CRYPTO: BTC) mining market and highlighted the improved profitability for miners.
Bitcoin's average price soared to $67,500 in the early weeks of March, marking a 37% increase from February.
This surge in price significantly enhanced mining profitability, as the cost of mining did not rise at the same pace as Bitcoin's value, according to the report.
The combined ...