Bitcoin Trades Near $63,500 as Capriole's Edwards Says Miners Are at Production-Cost Break-Even

Bitcoin is hovering around $63,500, a level Charles Edwards says matches the network's average production cost, implying miners are roughly breaking even. The asset hit a 2026 low of $59,100 last Friday, while Edwards also estimates an electrical-cost "floor" near $50,000 and notes mining profitability has fallen to a 14-month low.