⛏ #JPMorgan lowers $BTC floor to $77K after mining difficulty plunge

BTC

66,360.86

-1.93%

Estimated BTC production cost dropped from $90K → $77K since January. Network difficulty fell ~15% YTD, the sharpest decline since China’s 2021 mining ban. Surviving miners are capturing market share, preventing further cost drops

📉 Causes?

$BTC price decline pushes older/expensive miners below break-even

Winter storms in the U.S. (especially Texas) forced large mining facilities offline