bitcoinBTC/USD
$ 118,799.83 0.18%
ethereumETH/USD
$ 3,605.68 4.20%
tetherUSDT/USD
$ 1.00 0.00%
bnbBNB/USD
$ 737.26 2.67%
solanaSOL/USD
$ 179.37 2.40%
staked-etherSTETH/USD
$ 3,598.41 4.12%
usd-coinUSDC/USD
$ 1.00 0.00%
xrpXRP/USD
$ 3.42 5.31%
cardanoADA/USD
$ 0.852801 6.88%
dogecoinDOGE/USD
$ 0.237869 11.32%
the-open-networkTON/USD
$ 3.28 2.30%
shiba-inuSHIB/USD
$ 0.000015 4.09%
avalanche-2AVAX/USD
$ 24.29 6.03%

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