PANews February 13 News, according to The Block, JPMorgan analysts stated that their estimated Bitcoin production cost—traditionally seen as a “soft price support”—has decreased from $90,000 at the beginning of the year to $77,000, mainly due to recent declines in network hash rate and mining difficulty. The analysts pointed out that the recent drop in Bitcoin network hash rate has triggered the largest reduction in mining difficulty since China’s mining ban in 2021, with a total decrease of about 15% so far this year. The difficulty reduction provides some relief for remaining miners, with efficient miners seizing market share from high-cost miners forced to shut down. The analysts noted that hash rate has begun to recover, and they expect production costs to rebound at the next difficulty adjustment. The report attributes the difficulty decrease to two factors: first, the falling Bitcoin price making high-cost mining unprofitable; second, winter storms in the US causing large mining farms in Texas and other areas to temporarily shut down. Some high-cost miners have sold Bitcoin to maintain operations or shifted to AI, intensifying the price pressure since the beginning of the year. The analysts believe that the exit of high-cost miners has stabilized, and they remain “positive” about the overall cryptocurrency market in 2026.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Iran Strikes Qatar LNG Causing $20 Billion Annual Loss, Bitcoin Drops Below $70K
Iran's Islamic Revolutionary Guard Corps (IRGC) launched missile strikes on Qatar's Ras Laffan Industrial City on March 18-19, 2026, severely damaging two LNG production trains representing 12.8 million tons per annum (MTPA) of capacity—approximately 17% of Qatar's LNG exports—and forcing QatarEnergy to declare force majeure on long-term contracts for up to five years.
CryptopulseElite27m ago
CNBC's Jim Cramer Calls Market "Extremely Oversold," Appears to Reference Bitcoin
Gate News reported that on March 20, Jim Cramer, host of Mad Money under CNBC, an American financial media outlet, commented that the market is in a "very oversold" state, which may involve Bitcoin (BTC). Specific details of the comment have not been disclosed yet.
GateNews54m ago
Crypto Market Declines for Three Consecutive Days, BTC Narrows Losses and Rebounds Above $70,000, GameFi Sector Rises Against the Trend
The crypto market has declined for three consecutive days, with the SocialFi sector down 4.65%, while Bitcoin and Ethereum fell 0.88% and 1.94% respectively. GameFi showed strength, with Axie Infinity up 3.84%. Other sectors generally declined, with some tokens such as eCash and PIPPIN posting modest gains. Overall sector indices show varying degrees of decline.
GateNews1h ago
Analysts Recommend Holding "Dry Powder" During Price Volatility, BTC Oscillates Near $70,000
Gate News reported that on March 20, a certain analyst advised investors to hold "dry powder" (referring to cash reserves or funds awaiting investment) during periods of price volatility. On Thursday, Bitcoin price fluctuated around $70,377.59 and moved in the direction of $69,000.
GateNews1h ago
A certain crypto whale liquidates a long BTC position in a perpetual loan, incurring a loss of 14.02 million USD
On March 20, on-chain data showed that a whale suffered a loss of $14.02 million from going long on BTC and liquidated 742.8 WBTC at a cost of approximately $89,137, now selling at $70,266 to repay Aave borrowings.
GateNews1h ago
