According to JPMorgan Chase analysts led by Nikolaos Panigirtzoglou, the firm maintains a bullish outlook for 2026 crypto markets despite digital assets declining from $3.1 trillion to $2.3 trillion over the past month following the October 11 downturn. The bank expects institutional capital inflows and clearer regulatory frameworks to support digital asset gains.
JPMorgan currently estimates Bitcoin’s production cost at approximately $77,000 per coin. If BTC trades below this level for an extended period, some miners may exit the market, which could lower overall production costs and create a self-correcting mechanism.
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