Bitcoin.com·3hBearish1 min read
JPMorgan Says 20% of Miners Operating at a Loss as Bitcoin Trades Below Production Cost
BTC
JPMorgan analysts say bitcoin has traded below its estimated production cost for five straight months, pushing about 20% of miners into unprofitable territory. Public miners have responded by selling more than 32,000 BTC in the first quarter to fund operations. Bitcoin Miners Sold 32,000 BTC in Q1 as JPMorgan Flags Growing Profit Pressure Bitcoin miners […]
Related news
NewsBTC · 29m
Bitcoin Is Trading More Like A Macro Asset, Binance India Says
NewsBTC · 4h
Bitcoin Bearish Breakdown Setup Warns Sellers Still Control The Larger Structure
CoinTelegraph · 16h
$13B Bitcoin options expiry looms: Will bulls endure more pain in June?
BitcoinMagazine · 18h
JPMorgan: Bitcoin Mining Costs Have ‘Worsened’ as BTC Trades Below Production Cost