Live markets Bitcoin has traded below its mining cost for five months, squeezing miners
News Source : CoinDesk
News Summary
- Charles Schwab preparing S&P 500 event contracts in prediction markets push.
- Bitcoin holds near $63K as u.s. holiday trading keeps crypto market range-bound.
- Bitcoin on track for third consecutive negative quarter, longest losing streak since 2022.
- u.k. government bond market sells off as Andy Burnham victory increases political Uncertainty increases risk premiums across government debt markets, according to FTSE 100 index and Cboe Global Markets..
- Strategy's (MSTR) STRC rebounded to around $88 by the end of the session.
- The digital credit market suffered one of its sharpest selloffs in history on Thursday, pushing Strategy's STRC and Strive's SATA sharply lower.
Bitcoin has spent five straight months trading below what it costs to produce, squeezing miners and forcing some to sell, JPMorgan said in a note.
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