via BeInCrypto · By BeInCrypto Editorial
Bitcoin’s “Electrical Cost” Floor Sits at $48,694: Is That the Bottom?
BTC/USDT
$10,830,956,033.46
$63,999.00 / $62,436.59
Change: $1,562.41 (2.50%)
+0.0031%
Longs pay
Bitcoin (BTC) trades near $63,000 after recovering about 4%, yet it sits roughly 50% below its record high. One on-chain marker, the Bitcoin Electrical Cost near $48,694, now frames the question of where this bear market finally bottoms.
The indicator tracks the cost miners incur to produce each coin in terms of pure energy. Many analysts treat it as a hard floor because the price has rarely…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
Add COINOTAG as a Preferred Source
Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.
Add on Google