Bitcoin Mining Finally Profitable – Does That Prove We’re in a Bull Market?

According to Alex Krüger, an economist and a global markets analyst, the breakeven cost for efficient bitcoin mining operations currently hovers at around $3,550.

Across major cryptocurrency markets, the bitcoin price is at $5,265, which for miners presents a substantial profit per every block mined considering the breakeven price of $3,550 and the potential appreciation of bitcoin.

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