Crypto: $13K!? Shocking News About Bitcoin Production Cost!

Bitcoin Is Showing The Potential For The Further Downside Rotation

Relevance up to 10:00 2022-07-16 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Exchange Rates 15.07.2022 analysis


According to a report by JPMorgan Chase, the cost of producing bitcoin has fallen by $7,000 to $13,000, which could lead to lower prices.

The bank's analysts estimate that the cost of producing bitcoin in early June fell from $20,000 to $15,000 at the end of the month and then to $13,000. The drop is explained by a decrease in electricity consumption.

The report noted that given the recent drop in the price of bitcoin, miners are working to increase their profitability by using more energy efficient mining rigs.

However, this fall could have a negative impact on the price of bitcoin.

To calculate the cost of production, JPMorgan treated bitcoin as a commodity and estimated the marginal cost of production by incorporating price, hash rate, and difficulty data from

The massive sale of cryptocurrencies compared to last year's all-time highs wiped out a total market capitalization of $2 trillion.

Bitcoin has also fallen significantly, with the world's largest cryptocurrency experiencing its worst quarter in 11 years, down 56% in the second quarter.


Exchange Rates 15.07.2022 analysis


The sharp price drop began with the collapse of the Terra blockchain in May and accelerated due to the risk of contagion that has spread through crypto lending platforms.

Meanwhile, the macro environment is still not supportive of risky assets, which Bitcoin accurately reflected this year. Inflation continues to surprise with its rise, recession fears are growing, and the markets are now waiting for the Federal Reserve to raise the rate by 100 basis points.

In a report this week, Bank of America said that the impact of inflation on US consumers in 2022 will lead to a recession. The bank's economists predict negative real GDP growth for 2022. And the fact that real GDP will decrease by 1.4% and grow by 1.0% in 2023.


Read more:

Bitcoin Is Showing The Potential For The Further Downside Rotation

InstaForex Analysis

Instant Trading EU Ltd. is the CFD broker operating under the brand, regulated by CySec with license number 266/15.

Besides CySEC, Instant Trading EU Ltd. is also supervised by the Czech National Bank (CNB), the Slovak National Bank (SNB), and the Polish Financial Supervision Authority (KNF). has branches in the Czech Republic, Slovakia, and Poland, where it provides support in local languages. is a member of the Investor Compensation Fund (I.C.F) which is an additional security for the client's funds. offers access to around 2,500 instruments (CFDs in Stocks, ETFs, IPOs, Indices, Commodities, Forex, Cryptocurrencies, US Synthetic Stocks) and the MT4 and MT5 platforms,trading accounts in EUR, USD, PLN, CZK, GBP.

More information at:

Follow on:

Twitter Facebook YouTube


Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.99% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.