Bitcoin miners are losing $19,000 on every BTC produced as difficulty drops 7.8%
Burns Brief
The average production cost was sitting at $88,000 per bitcoin in mid-March, according to Checkonchain's difficulty regression model The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch $BTC for reaction — a decisive move above or below key levels will confirm the next trend.
The average production cost was sitting at $88,000 per bitcoin in mid-March, according to Checkonchain's difficulty regression model.
Key Takeaways
- The average production cost was sitting at $88,000 per bitcoin in mid-March, according to Checkonchain's difficulty regression model