Author name: Peter

JPMorgan Downgrades Coinbase Stock, Warns of Crypto Market Pressure

JPMorgan Downgrades Coinbase Stock Global investment bank JPMorgan has downgraded Coinbase Global (Nasdaq: COIN) from Neutral to Underweight, citing a difficult time ahead for the crypto market. The bank also set a price target of $80 for Coinbase stock. Reasons for the Downgrade JPMorgan analyst Kenneth Worthington explained in a note that the current crypto […]

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Ethereum and Solana: A Comparative Analysis of Recent Altcoin Trends

In the ever-changing world of cryptocurrency markets, recent trends have shed light on intriguing divergences in the altcoin market, specifically between ethereum and solana in relation to bitcoin. A comprehensive report published by Glassnode, a leading onchain analytics firm, delves deep into this phenomenon and provides valuable insights. Altcoin Dynamics in Focus: Ethereum Takes the

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Mad Money Host Jim Cramer Questions Bitcoin’s Recovery as Sell-off Persists

Jim Cramer Anticipates Further Decline in Bitcoin Price Jim Cramer, the host of CNBC's Mad Money show, remains skeptical about the prospects of bitcoin amidst a continuous downturn in the cryptocurrency market. Cramer believes that bitcoin will struggle to regain its momentum, emphasizing that the recent price drop is just the beginning of a significant

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The 2024 Bitcoin Halving: Impact on BTC Value and Miner Survival

As 2024 unfolds, the crypto community is abuzz with excitement, awaiting the upcoming Bitcoin halving event. This highly anticipated event has the potential to reshape the market landscape, drawing parallels to past halvings that have had a profound impact on the crypto scene. With insights gained from previous halvings guiding our path forward, it is

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UBS Predicts Gold Prices Will Rise 10% in 2024 Amidst Fed Policy Pivot

UBS Analysis and Gold Price Forecast UBS, a renowned financial services company with a global presence, has made a bold prediction regarding the price of gold in 2024. According to UBS analysts, gold prices are expected to surge by 10% above the current market prices. This positive forecast is primarily driven by a significant policy

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Bitcoin ETFs: Impact on CEXs and the Rise of Decentralized ETFs

Introduction Recently approved spot bitcoin exchange-traded funds (ETFs) are expected to have a significant impact on investor interest and trading volume, potentially diverting them away from centralized exchanges (CEXs). Anthony Bevan, the CEO of Blockguard, a wealth management firm, believes that the introduction of spot bitcoin ETFs will attract investors who prefer regulated and mainstream

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Bitcoin Technical Analysis: Understanding BTC’s Complex Market Behavior

The Volatile Nature of Bitcoin Bitcoin's price dynamics on January 24, 2024, present a complex picture of market fluctuations and investor sentiment. The cryptocurrency has experienced significant volatility, with prices ranging between $39,878 and $40,069 in the past hour and a broader 24-hour range of $38,505 to $40,515. Bitcoin's Market Capitalization and Trade Volume Bitcoin

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