BTC logo
BTC
$110,395.26
0.48%
ETH logo
ETH
$4,000.75
0.29%
USDT logo
USDT
$1.0007
0.01%
BNB logo
BNB
$1,174.21
0.43%
XRP logo
XRP
$2.4091
1.01%
SOL logo
SOL
$194.11
1.55%
USDC logo
USDC
$1.0001
0.01%
TRX logo
TRX
$0.3221
1.14%
DOGE logo
DOGE
$0.1953
3.66%
ADA logo
ADA
$0.6698
4.60%
HYPE logo
HYPE
$38.47
1.36%
LINK logo
LINK
$18.15
4.38%
USDE logo
USDE
$1.0001
0.05%
BCH logo
BCH
$520.64
2.84%
XLM logo
XLM
$0.3247
4.20%
SUI logo
SUI
$2.6572
5.89%
AVAX logo
AVAX
$21.85
5.05%
WBT logo
WBT
$41.94
1.34%
LEO logo
LEO
$9.6346
0.02%
HBAR logo
HBAR
$0.1800
5.58%
BTC logo
BTC
$110,395.26
0.48%
ETH logo
ETH
$4,000.75
0.29%
USDT logo
USDT
$1.0007
0.01%
BNB logo
BNB
$1,174.21
0.43%
XRP logo
XRP
$2.4091
1.01%
SOL logo
SOL
$194.11
1.55%
USDC logo
USDC
$1.0001
0.01%
TRX logo
TRX
$0.3221
1.14%
DOGE logo
DOGE
$0.1953
3.66%
ADA logo
ADA
$0.6698
4.60%
HYPE logo
HYPE
$38.47
1.36%
LINK logo
LINK
$18.15
4.38%
USDE logo
USDE
$1.0001
0.05%
BCH logo
BCH
$520.64
2.84%
XLM logo
XLM
$0.3247
4.20%
SUI logo
SUI
$2.6572
5.89%
AVAX logo
AVAX
$21.85
5.05%
WBT logo
WBT
$41.94
1.34%
LEO logo
LEO
$9.6346
0.02%
HBAR logo
HBAR
$0.1800
5.58%
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Bitcoin Mining Cost Drops to $45K as Inefficient Miners Exit: JPMorgan

The bank sees limited upside for the bitcoin price in the near term due to a number of headwinds.

By Will Canny|Edited by Aoyon Ashraf
Updated May 16, 2024, 3:11 p.m. Published May 16, 2024, 3:05 p.m.
Bitcoin Mining Cost Estimate Drops to $45K as Inefficient Miners Exit: JPMorgan. (Shutterstock)
Bitcoin Mining Cost Estimate Drops to $45K as Inefficient Miners Exit: JPMorgan. (Shutterstock)