ChainCatcher reports that, according to CoinDesk, JPMorgan analysts are optimistic about the cryptocurrency market in their latest report, despite a significant market correction. The analysts believe that institutional capital inflows and regulatory clarity will support the next rally in the digital asset market.
The report states that the production cost of Bitcoin has fallen to approximately $77,000, although the current trading price is around $66,300, below this level. The bank believes this dynamic will eventually correct itself. Additionally, Bitcoin’s relative attractiveness compared to gold has increased, as gold has recently outperformed Bitcoin, but its volatility has risen significantly. JPMorgan expects that further U.S. cryptocurrency legislation, such as the Clarify Act, will provide the necessary clarity for institutional participation, thereby driving market recovery.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Crypto Market Holds Steady Despite U.S.-Iran Tensions
The crypto market remains stable amid geopolitical tensions, with a market cap of $2.31T. Bitcoin and Ethereum show slight gains, while notable gainers include TRUMP, IRIS, and PEPE. DeFi TVL rises, but NFT sales decline. Key companies adopt Solana's toolkit, and Singapore reports an $8.83M crypto theft.
BlockChainReporter14m ago
The mid-range trap of Solana – Here’s why traders should be cautious!
Solana (SOL) faces challenges after a Bitcoin surge, exhibiting mixed signals. Despite prior momentum, prices struggle to break resistance at $89.9. Current support is at $76.6-$89.9, with bearish indicators suggesting potential further declines despite possible short-term rebounds.
TapChiBitcoin33m ago
Analyst: The key resistance levels for ETH are at $2029 and $2079.
Gate News reports that on March 29, analyst Ali Charts stated that Ethereum's current key resistance levels are at $2029 and $2079; the support levels below are at $1881, $1584, and $1238.
GateNews48m ago
Bitcoin Prepares to Close March in Red, Making Its Sixth Consecutive Close, Why Is This Bullish?
Bitcoin prepares to close March in red.
This could mark its sixth consecutive close, a pattern seen before in 2018-2019.
Previously this pattern was printed, the price of BTC pulled a pump over 300%.
The crypto community is waiting with dread as they see how Bitcoin prepares to close Mar
CryptoNewsLand57m ago
