CryptoBearishThe Block · 3h ago7/10
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JPMorgan says bitcoin mining economics have ‘worsened’ as BTC trades below production cost
JPMorgan estimates bitcoin's production cost at approximately $78,000, while BTC currently trades around $62,500, indicating mining economics have deteriorated. This $15,500 gap between production costs and market price pressures miners' profitability and raises questions about network sustainability at current price levels.
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