The central point of the bank’s estimated production cost range is currently around $26,500, which would mechanically double to $53,000 post-halving. The bitcoin network could also see a 20% decline in its hashrate after halving, which would reduce the BTC estimated production cost and the price to $42,000, the report said.
Bitcoin (BTC) Holds Near $63K, Consolidating Week’s Recovery
Bitcoin traded either side of $63,000 during the European morning on Friday having retreated from its rebound to $64,400 late...