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Bitcoin Trades Below Miners’ Estimated Production Cost for Five Straight Months, JPMorgan Says

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2026-06-18 18:51:21
JPMorgan said Bitcoin has traded below miners’ estimated production cost for five consecutive months, highlighting sustained pressure on mining economics.

According to NS3.AI, the bank said BTC hashrate and mining difficulty have become more sensitive to price fluctuations this year.

JPMorgan added that mining difficulty fell 10% in the second week of June.
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