JPMorgan says bitcoin crossing $85,000 production cost could ease miner selling pressure
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JPMorgan analysts note that Bitcoin surpassing its estimated $85,000 production cost could relieve miner‑driven selling pressure if the level holds, because miners may retain coins rather than liquidate to cover expenses. This price threshold suggests tighter supply dynamics, potentially supporting higher market valuations and encouraging bullish sentiment across the cryptocurrency industry.
JPMorgan analysts said bitcoin's move above its estimated $85,000 production cost could ease miner selling if sustained.