JPMorgan Identifies Bitcoin Support at $77K, Optimistic for Crypto in 2026

JPMorgan revises its Bitcoin production cost to $77K, indicating strong support while maintaining a positive outlook for cryptocurrency through 2026.

JPMorgan has recently adjusted its estimate for the production cost of Bitcoin, marking a notable decrease to $77,000, down from the previous figure of $90,000. This new valuation is significant as it has been regarded as a crucial support level for the cryptocurrency.

The banking giant's revised outlook reflects a continued optimism regarding the future of cryptocurrencies, projecting a favorable environment for Bitcoin and other digital assets as we approach 2026.