Bitcoin Price Nears Average Production Cost: Analysis By CoinShares Director
CryptoNewsTerminal Staff05 Jul, 2024
Bitcoin Price Nears Average Production Cost: Analysis By CoinShares Director
CoinShares' Director of Research James Butterfill took to Twitter to analyze that "Bitcoin price is forming near the average production cost of major miners." As per the graph he attached, the average production cost of major global Bitcoin miners is around $53,000 per BTC. According to CoinMarketCap, BTC is currently trading at $55,268.70, down 3.29%.