JPMorgan says bitcoin mining economics have ‘worsened’ as BTC trades below production cost
Hex37's read
- JPMorgan estimates Bitcoin production cost at $78,000.
- Bitcoin is currently trading below its estimated production cost.
- Mining economics have reportedly worsened.
What it means for traders
- Falling prices below production cost could pressure miners, potentially leading to sell-offs.
- This could signal a bearish sentiment for BTC in the short term, but also a potential floor if miners capitulate.
Affected markets
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