JPMorgan Maintains Bullish Stance on 2026 Crypto Market, Estimates Bitcoin Production Cost at $77,000

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According to JPMorgan Chase, the firm recently maintained a bullish outlook for the cryptocurrency market in 2026, citing expected institutional capital inflows and regulatory clarity. The bank's analyst team, led by Nikolaos Panigirtzoglou, estimates Bitcoin's production cost at approximately $77,000 per coin. This level could establish a new price equilibrium if BTC trades below it for an extended period, potentially forcing some miners to exit the market and subsequently lowering overall Bitcoin production costs.
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