[코인시황] Optimism dominance in Bitcoin stagnation… JPMorgan “will go up to $130,000 in Bitcoin”

Bradley Keoun

Ether's highest price renewed.  Source = CoinDesk
Ether’s highest price renewed. Source = CoinDesk

■ As of 11:15 this morning, Bitcoin (BTC) traded for about $59,245 each. This is an increase of about 0.3% in 24 hours.

■ Over the course of 24 hours, the price of bitcoin ranged between $58,491 and $60,102.

Bitcoin price last month.  Source = CoinDesk
Bitcoin price last month. Source = CoinDesk

Yesterday morning, Bitcoin surpassed $60,000. However, it turned into a sharp sell-off and soon fell to $58,900 this morning.

“This will be a very exciting weekend for Bitcoin as we expect significant institutional funds to go dormant,” said Edward Moya, senior analyst at Forex broker Oanda. Part. Therefore, experts will pay attention to whether so-called big-loss investors use illiquidity terms.”

Bitcoin price doubled this yearHas risen. Signs are being spotted everywhere that bitcoin is entering the mainstream, with major Wall Street companies announcing the adoption of bitcoin one after another, and U.S. largest company JPMorgan Chase and brokerage BTIG predicting a spike in bitcoin prices. However, the bitcoin price is still stagnating, not exceeding the $60,000 line.

On the 1st, JP Morgan If volatility continues to decline, Bitcoin is $130,000 in the long runI mentioned that I can go up to. As they diversify their portfolio, Bitcoin is becoming an increasingly attractive investment destination for institutional investors looking for poorly correlated assets.

BTIG recently conducted a rating on bitcoins that MicroStrategy bought in large quantities. Analysts predict that it will hit $95,000 by the end of next year.

In order to recover the economy collapsed by the Corona 19 pandemic, governments and central banks have announced several trillion-dollar economic stimulus measures one after another. In this context, Bitcoin is a useful investment destination for big-handed investors trying to hedge potential inflation risks.

“Bitcoin is seen as an alternative to the existing economic system,” said Greg Chipolaro, a senior researcher at NYDIG, a digital asset management company. There is no reason.”

Ether’s highest price renewed

Ether (ETH) traded for about $2086 at 11:15 this morning. Compared to 24 hours ago, the price is up by about 4.29%.

■ Over the course of 24 hours, Ether prices ranged between $1950 and $2097.

Ether, which showed an uptrend for five days in a row until yesterday, hit the highest price.

Ether prices rose a whopping 24% this week as global payment company Visa announced that it will support cryptocurrency payment services based on the Ethereum network.

CNBC talk show host and owner of the Dallas Mavericks of the American basketball team, Mark Cuban, is one of the leading billionaire investors. He recently appeared in a podcast, saying, “I am optimistic about cryptocurrencies including bitcoin,” and said, “Ethereum in particular is the closest to the real currency.”

According to the option analysis platform Genesis Volatility, investors are aggressively buying a $25,000 call option currently listed on Deribit, which expires on December 31st. Deribit is the world’s largest cryptocurrency options exchange based on volume and outstanding contracts.

This story originally appeared on CoinDesk, the global leader in blockchain news and publisher of the Bitcoin Price Index. view BPI.

Reports and press releases should be sent to [email protected].

.Source