Bitcoin Dips Below Mining Costs: Will Trump’s 10% Cap Spark Chaos?

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There’s a skinny window of opportunity marching toward Bitcoin, as if a goblin with a calculator has discovered daylight and forgot his shoes. 🧭💸

Outflows appear to have bottomed in late December, and BTC is now trading below miners’ costs-the point where selling usually sighs, yawns, and goes home for tea. Meanwhile, Trump’s latest proposal promises to haul a bigger crowd into BTC, like a dragon handing out free loot at dawn.

While the crypto crowd has resolved to sleep with one eye open this year, they may wake to find themselves the beneficiaries of a market that decided to wear a grin and carry on anyway. 🚀🤔

Unintended (yet welcome) consequences

Trump’s proposal to cap credit card interest rates at 10% is pitched as relief for the everyday reader, but it could reach far beyond TradFi. Such a cap may limit access to credit for borrowers with lower credit scores (estimated to be less than 780). In Discworld terms, it’s like locking the tavern doors to everyone except the patrons who can recite the most arithmetic while flirting with a goblin.

Banks will reassess who they lend to and at what cost.

This will inevitably leave a section of the market hunting for alternatives. Some displaced demand may migrate toward Bitcoin and DeFi platforms where access isn’t tied to credit scores, which is to say: the system’s way of saying “why not?” to the mischievous, the digital, and the stubbornly independent.

Risk is moving

The average cost to mine one BTC was around $101,600 as of the 10th of January, while Bitcoin itself was trading closer to $90,900 a day later. In plain terms, price has slipped below production cost-like a kettle that forgot it was supposed to boil and instead started a pleasant, silent simmer.

When mining becomes unprofitable, miners tend to slow selling and cut expenses. The level is seen as a floor-though not a sturdy one in a windstorm of speculation, more of a polite, slightly wobbly platform for reluctant optimism.

This doesn’t guarantee an immediate rebound, but trading below miner cost has so far been where downside risk was lesser. Think of it as the market choosing to nap in a less dangerous corner of the room, rather than leaping into the chandelier.

A stable market

Analyst Willy Woo recently noted on X that Bitcoin outflows likely bottomed in late December. That lines up with BTC dipping below miner production costs and the early rebound now forming-like a good omen wearing a suit and talking to a crowd of sceptics.

These flow changes often take weeks to show up in price, which helps explain Bitcoin’s slow recovery. Futures activity has also started to return, so there’s short-term support-and the market enjoys a little drama with the grace of a cat on a keyboard.

Still, he remains cautious about 2026 because liquidity has been weak since early last year. 🐢💬

Without a clear pickup in long-term spot inflows, any rally may struggle to hold. It’s a bit like a victory parade led by a very confident goat: entertaining, but not guaranteed to last.

Final Thoughts

  • Bitcoin looks ready for a short-term rebound.
  • Trump’s 10% credit card interest cap could push more borrowers toward BTC.

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2026-01-13 06:20