Bitcoin mining network becoming more sensitive to price swings, JPMorgan says
A growing share of miners are operating near breakeven levels, making hashrate and mining difficulty increasingly responsive to bitcoin's price movements, the bank said
Analysts noted bitcoin is stuck between key support near $60,000 and resistance around $68,000, and a bearish chart pattern could send prices toward $54,000
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A growing share of miners are operating near breakeven levels, making hashrate and mining difficulty increasingly responsive to bitcoin's price movements, the bank said
Strategy added $35 million in bitcoin, $300 million in cash reserves last week
The decline in the amount of BTC purchase comes amid growing criticism against the company's STRC
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