This will add additional pressure. If rates are hiked, then it will be a disaster in 40-50K range. Strong dollar, rising energy, inflation in workforce price. Everything adding up to downward trend. ⬇️



#BitcoinSupportAndResistanceAnalysis #JPMorganCutsSP500Outlook #FedHoldsRatesSteady #USIranWarUpdates #MarketUpdate

$BTC $ETH $SOL
BTC-2,31%
ETH-3,29%
SOL-2,56%
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Bitcoin Mining Cost Rises to $88,000, Miners Lose Approximately $19,000 Per Coin
Rising energy prices and tensions in the Middle East have increased Bitcoin mining costs, with current production costs around $88,000 per BTC. Miners are losing nearly $19,000 per coin, representing an overall loss of 21%. Network mining difficulty has decreased by 7.8%, hashrate has declined, and the market may face selling pressure.
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