JPMorgan analysts reveal that the estimated production cost of Bitcoin has dropped to $77,000 (from $90,000 at the beginning of the year), serving as a support level. With a projected rebound in hash rate, costs may rise again after the next difficulty adjustment. They hold a positive outlook on the crypto market for 2026, expecting increased institutional inflows driven by regulations like the Clarity Act. Long-term Bitcoin price target: $266,000 (adjusted for volatility compared to gold). Recently, difficulty has dropped by 15% due to Bitcoin price declines causing high-cost miners to shut down and the impact of U.S. winter storms; hash rate rebound has already been observed. (The Block) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=56692