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22 Miner capitulation is back as bitcoin’s $70,000 price fails to cover $87,000 production costs

CoinDesk
James Van Straten @ CoinDesk 1 place · today 05:41 EDT

Miner capitulation is back as bitcoin’s $70,000 price fails to cover $87,000 production costs

Bitcoin is now approximately 20% below its estimated average production cost, historically a feature of a bear market.

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