ChainCatcher reports that JPMorgan analysts have determined a long-term target price for Bitcoin of $266,000 based on volatility adjustments compared to gold. The severe winter storms in the United States and high-cost miners exiting the market are the main reasons for the decline in hash rate, but signs of hash rate rebound have now been observed.
Despite short-term fluctuations, JPMorgan team remains optimistic about the crypto market in 2026, expecting institutional investors to lead market growth.
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