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Morning Edition · Saturday, June 20, 2026Published at 6:26 AM EDT · New York
JPMorgan Says Bitcoin Mining Economics Have Worsened as Price Sits Below Production Cost
With Bitcoin trading under estimated production cost, public miners have sold coins in volume to cover operations, a direct stress on the sector.
JPMorgan has told clients that Bitcoin mining economics have deteriorated, with the asset trading roughly 19% below its estimated $78,000 production cost according to the bank's analysis. Production cost is the bank's estimate of the averag…
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