Bitcoin miners are currently losing $19,000 on every BTC produced, with average production costs around $88,000 per coin while the market price is approximately $69,200. Rising energy prices and geopolitical tensions are contributing to these steep losses.

Bitcoin fell below $61,000, marking a decline that has erased all gains since Donald Trump's election. The cryptocurrency dropped as much as 4.8% to $60,033, reaching its lowest value since October 2024 amid increased market turbulence and unwinding of leveraged bets.