JPMorgan Sees $84,948 as Bitcoin (BTC) Production Cost 'Soft Floor'

JPMorgan pegs Bitcoin's production cost at $84,948, calling it a 'soft floor' for the price. BTC slipped 2.4% below that level after a brief climb to $87,000. The bank suggests miners may reduce selling pressure near this cost, potentially supporting prices, but a sustained drop could signal further downside.