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Bitcoin miners are losing $19,000 on every BTC produced as difficulty drops 7.8%
📰 sources⭐ 9.0
TL;DR:
The average production cost was sitting at $88,000 per bitcoin in mid-March, according to Checkonchain's difficulty regression model.
Key Points:
Background:
Bitcoin is the first and largest cryptocurrency by market capitalization, often viewed as digital gold and a store of value.
Why It Matters:
This development could influence BTC price action and market sentiment in the near term.