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Bitcoin.com
2024-01-28 00:30:17

JPMorgan Sees Downward Pressure Easing for Bitcoin as Grayscale Profit-Taking Fades

JPMorgan Sees Downward Pressure Easing for Bitcoin as Grayscale Profit-Taking Fades

Global investment bank JPMorgan says that profit-taking from Grayscale’s bitcoin trust (GBTC) has largely happened already. “This would imply that most of the downward pressure on bitcoin from that channel should be largely behind us,” the bank’s analyst explained. JPMorgan’s Bitcoin Price Outlook Global investment bank JPMorgan weighed in on the crypto market again this

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