JPMorgan Reports Bitcoin Temporarily Surpasses Production Cost, Potentially Easing Miner Sell Pressure

Analysts at the major U.S. financial institution JPMorgan reported on the 23rd that Bitcoin (BTC) has surpassed the bank's estimated production cost of approximately $85,000. They pointed out that if this level continues, it could potentially ease the selling pressure from miners. This was reported by the U.S. cryptocurrency media outlet The Block on the 24th.

According to the team led by Nikolaos Panigirtzoglou, Bitcoin's upward trend this week...