bitcoinBTC/USD
$ 110,424.59 2.36%
ethereumETH/USD
$ 4,397.17 0.23%
tetherUSDT/USD
$ 1.00 0.00%
bnbBNB/USD
$ 853.34 0.24%
solanaSOL/USD
$ 203.95 3.01%
staked-etherSTETH/USD
$ 4,389.65 0.28%
usd-coinUSDC/USD
$ 1.00 0.00%
xrpXRP/USD
$ 2.80 3.00%
cardanoADA/USD
$ 0.821756 2.83%
dogecoinDOGE/USD
$ 0.214672 2.48%
the-open-networkTON/USD
$ 3.14 0.94%
shiba-inuSHIB/USD
$ 0.000012 2.89%
avalanche-2AVAX/USD
$ 24.09 4.91%

Bitcoin miners can take fresh 20% BTC price hit before capitulating, data shows By



© Reuters.

The (BTC) mining business is bigger than ever at current price levels, and new data shows just how unlikely a mass miner sell-off really is.

As noted by popular Twitter (NYSE:) account @venturefounder on Jan. 14, even at $42,000, the trading pair is around 20% above miners’ cost price.

Bitcoin production cost annotated chart (screenshot). Source: @venturefounder/Twitter
Bitcoin hash rate chart. Source: Blockchain