[Analysis: "BTC Price Falls Below Average Mining Costs... Pressure on Miners Increases"] Decrypt reported that the BTC price has plummeted nearly 50% from its October high, potentially increasing pressure on miners. CryptoQuant Senior Analyst Julio Moreno explained, "The average cost for a miner to mine 1 BTC is estimated to be between $70,000 and $80,000, which is high compared to the current BTC price." The outlet added, "Taking into account various factors, the average mining cost for listed BTC miners is estimated to be between $60,000 and $80,000. Therefore, miners could face a crisis due to the BTC price decline." -Coinness