📊 JPMorgan says Bitcoin trading near its estimated $85,000 average production cost could provide relief to miners and reduce the risk of forced selling.
Bitcoin spent 280 days below the bank’s estimated production cost, pressuring higher-cost miners to shut down machines, sell older rigs and seek cheaper electricity.
Bitcoin spent 280 days below the bank’s estimated production cost, pressuring higher-cost miners to shut down machines, sell older rigs and seek cheaper electricity.
