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Miner capitulation is back as bitcoin’s $70,000 price fails to cover $87,000 production costs - CoinDesk
•1 min read
Bitcoin miners are facing significant financial pressure as the cryptocurrency's current price of $70,000 falls short of the estimated $87,000 production cost per coin. This disparity signals a potential miner capitulation, raising concerns about the sustainability of mining operations in the current market environment.
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