The post Bitcoin Panic May Be Over appeared on BitcoinEthereumNews.com. Bitcoin Bitcoin’s drop below $95,000 on Friday sent shockwaves through the market, but one major Wall Street institution sees something very different from panic. Key Takeaways: JPMorgan believes Bitcoin’s recent dip hit a true price floor based on rising mining costs around $94,000. The bank forecasts a potential surge toward $170,000 within 6–12 months due to a widening valuation gap with gold. Analysts say miner production costs, not market fear, are driving the next phase of Bitcoin’s trend. While traders brace for more selling, JPMorgan says the level reached during the latest dip may not be the beginning of a prolonged downturn, but the end of one. Production Costs, Not Price Charts, Drive JPMorgan’s Call According to the banking giant, the most important chart this week wasn’t Bitcoin’s price — it was the climbing cost of production. JPMorgan analysts, led by Nikolaos Panigirtzoglou, believe the true story lies in the rising difficulty of mining. Their model suggests miners now spend roughly $94,000 to produce a single bitcoin, up from $92,000 just weeks ago. Because mining difficulty and energy expenditure directly determine the marginal cost of supply, the bank argues that this figure now represents a natural floor under the market. Why a Miner-Driven Floor Matters Whenever the price falls toward miners’ production cost, JPMorgan says historical behavior repeats: miners stop selling aggressively, supply tightens and forced capitulation disappears. And with margins already razor-thin, the bank believes miners have little incentive to add selling pressure at current levels. If that dynamic holds, the sell-off that pushed Bitcoin below $100,000 may have already exhausted itself. The Bigger Call: The Next Major Move Could Aim for $170K What has generated the most surprise, however, is not JPMorgan’s bottom call — but its upside target. The bank estimates that Bitcoin could advance toward $170,000… The post Bitcoin Panic May Be Over appeared on BitcoinEthereumNews.com. Bitcoin Bitcoin’s drop below $95,000 on Friday sent shockwaves through the market, but one major Wall Street institution sees something very different from panic. Key Takeaways: JPMorgan believes Bitcoin’s recent dip hit a true price floor based on rising mining costs around $94,000. The bank forecasts a potential surge toward $170,000 within 6–12 months due to a widening valuation gap with gold. Analysts say miner production costs, not market fear, are driving the next phase of Bitcoin’s trend. While traders brace for more selling, JPMorgan says the level reached during the latest dip may not be the beginning of a prolonged downturn, but the end of one. Production Costs, Not Price Charts, Drive JPMorgan’s Call According to the banking giant, the most important chart this week wasn’t Bitcoin’s price — it was the climbing cost of production. JPMorgan analysts, led by Nikolaos Panigirtzoglou, believe the true story lies in the rising difficulty of mining. Their model suggests miners now spend roughly $94,000 to produce a single bitcoin, up from $92,000 just weeks ago. Because mining difficulty and energy expenditure directly determine the marginal cost of supply, the bank argues that this figure now represents a natural floor under the market. Why a Miner-Driven Floor Matters Whenever the price falls toward miners’ production cost, JPMorgan says historical behavior repeats: miners stop selling aggressively, supply tightens and forced capitulation disappears. And with margins already razor-thin, the bank believes miners have little incentive to add selling pressure at current levels. If that dynamic holds, the sell-off that pushed Bitcoin below $100,000 may have already exhausted itself. The Bigger Call: The Next Major Move Could Aim for $170K What has generated the most surprise, however, is not JPMorgan’s bottom call — but its upside target. The bank estimates that Bitcoin could advance toward $170,000…

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more