The cost of mining Bitcoin now exceeds $89,000, meaning more than the market price. Miners are currently at a loss and cannot sell the Bitcoin they are mining.
🔥 On one hand, this means that Bitcoin is below its real price, and here we benefit from the expectation that the price will rise at least above 90k, so it is anticipated that the price will rise again.
🔥 During the bull run, the price of Bitcoin is usually much higher than the cost of mining.
🔥 You will often see good market increases after the uncertainty of the American economy is resolved and the trade war that has begun to lessen in intensity comes to an end.
🔥 On one hand, this means that Bitcoin is below its real price, and here we benefit from the expectation that the price will rise at least above 90k, so it is anticipated that the price will rise again.
🔥 During the bull run, the price of Bitcoin is usually much higher than the cost of mining.
🔥 You will often see good market increases after the uncertainty of the American economy is resolved and the trade war that has begun to lessen in intensity comes to an end.