Producing a single bitcoin now costs $4060 on average, but it is valued at less than $3500, according to an analysis by JPMorgan Chase… However, this will probably cause people to stop mining, making it easier and economically viable again.

Producing a single bitcoin now costs $  4060 on average, but it is valued at less than $  3500, according to an analysis by JPMorgan Chase... However, this will probably cause people to stop mining, making it easier and economically viable again. submitted by /u/Ta-me-Murchu
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Bitcoin – The Currency of the Internet

Bitcoin Price Inches Back Toward $3,500, But Litecoin is Today’s Crypto Market Winner

Bitcoin is edging closer and closer back to the critical $ 3,500 support level that some estimated it would stand on for awhile. Ethereum gained a dollar overnight. But more notably, so did Litecoin — more than a dollar, actually. Confidence in Litecoin seems to be growing after its rebranding. The stalwart altcoin, intended to be “silver to Bitcoin’s gold,” is notably seen as having a growing community and userbase. On the same note, Augur continued its growth pattern over the 24-hour period, reaching an average of more than $ 13. Bitcoin Price Edges Toward Crucial $ 3,500 Level The Bitcoin price saw

Bitcoin Price Inches Back Toward $ 3,500, But Litecoin is Today’s Crypto Market Winner by CCN

News – CCN

$5 Billion Wiped Out of Crypto: Bitcoin Below $3,500 Could Spell Trouble

By CCN.com: In the past 24 hours, the crypto market has experienced a slight decline in valuation from $ 224 billion to $ 219 billion as the Bitcoin price dropped to $ 3,500. Previously, traders said that a drop below the $ 3,500 mark could lead the price of Bitcoin to test key support levels in the low $ 3,000 … Continued

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News – CCN