PANews reported on February 5 that according to CoinDesk, JPMorgan Chase said in a research report that the Bitcoin network hash rate rose slightly in January, up only 1%, while the mining difficulty fell 2% month-on-month. Analysts Reginald Smith and Charles Pearce believe that "this situation is relatively uncommon and is a mild tailwind for the Bitcoin mining economy," adding that the network difficulty is still 25% higher than before the halving event in April last year.