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JPMorgan says bitcoin crossing $85,000 production cost could ease miner selling pressure
JPMorgan analysts said bitcoin's move above its estimated $85,000 production cost could ease miner selling if sustained.
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BITRSS🚨 JPMorgan sees $85,000 as a critical threshold for Bitcoin miners. 📉 After rising above this level for the first time in 280 days, Bitcoin has fallen back to around $84,000. ⛏️ The bank states that a $BTC price below the cost of production could force inefficient miners to sell. 📊 JPMorgan had also raised the $266,000 scenario in the long term in February. Read More: JPMorgan sees $85,000 as a critical threshold for Bitcoin The article "JPMo…
Bitcoin (BTC) climbed above JPMorgan's $85,000 production cost for the first time in 280 days; hashrate fell 19% from its peak, miner selling pressure…
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