Thursday, 22 April 2021

JPMorgan memo on Bitcoin that is going around

Strategists at JPMorgan Chase & Co. are warning that if Bitcoin doesn't make a break back above $60,000 soon, momentum signals for the digital asset will collapse. The largest cryptocurrency is trading close to $55,000 this morning, still not having made a full recovery from Sunday's plunge. Despite the move lower in recent days, and competition for attention from meme coins, Bitcoin is up 90% year to date, and more than 700% from a year ago.

submitted by /u/TheB1ackPrince
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