<ul><li>Mining costs for one Bitcoin have reached approximately $70,000, with historical patterns showing Bitcoin price often reaching 5x mining costs during bull markets</li><li>Bitcoin’s current trading price is $94,791, with significant institutional interest from companies like BlackRock and MicroStrategy</li><li>The April 2024 halving reduced block rewards to 3.125 BTC, creating increased scarcity</li><li>Crypto influencer Jeremie Davinci predicts Bitcoin could reach $350,000 based on mining cost metrics</li></ul>

Bitcoin (BTC) Price: Mining Costs Reach $70K as Supply Approaches 19.9M – Price Target $350K

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