Bitcoin Trades 20% Below Production Cost as Miner Profitability Drops to 14-Month Low
Bitcoin has slipped to roughly $70,000 on February 5 — about 20% beneath the estimated $87,000 value to produce a single coin — as hashrate declines, shrinking margins, and a broader market rout drag miner profitability to its lowest level in 14 months. Key Takeaways: – Bitcoin is buying and selling close to $71,000, roughly…
