Bitcoin experienced significant price volatility in late February and early March, with values fluctuating between US$78,452 and US$94,727.
JPMorgan reported a collective 22% drop in mining stocks and a 5% decrease in mining revenue, with miners averaging US$54,300 per EH/s.
Marathon Digital (MARA) reported a 6% decline in blocks won and Bitcoin production, attributing this to February’s shorter month and increased network difficulty.
Broader macroeconomic concerns, including potential trade tensions, are adding additional pressure to the cryptocurrency and mining ecosystem.