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Bitcoin Bitcoin Share: 58.49%
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CryptoGlobe
2022-07-15 04:26:00

$BTC: JPMorgan Analysts Concerned About the Lower Cost of Mining Bitcoin

$BTC: JPMorgan Analysts Concerned About the Lower Cost of Mining Bitcoin

JPMorgan analysts led by Nikolaos Panigirtzoglou are seemingly concerned that the cost of producing one Bitcoin ($BTC) has dropped from around $24,000 at the start of June to around $13,000, which may be negative for the cryptocurrency’s price because of added selling pressure. According to Bloomberg, the analysts noted that the drop in production costs […]

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