Best Altcoins to Buy as Bitcoin Hits $120K and JPMorgan Targets $165K
JPMorgan has just dropped a bold target for $BTC: $165K. The firm cited gold’s record-setting run and the growing ‘debasement trade’ as tailwinds. At the same time, Uptober is living up to its name, with Bitcoin blasting through $120K despite the U.S. government shutdown, proving just how resilient this market has become. Historically, when Bitcoin asserts dominance like this, it doesn’t take long for capital to rotate into the best altcoins, as that’s often where the larger gains emerge. With momentum building, hot alternatives like Bitcoin Hyper ($HYPER), Best Wallet Token ($BEST), and....
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Bitcoin is back in beast mode. After months of chop and doubt, $BTC has flipped the narrative with a powerful V-shaped recovery that has it trading above $103K. Market sentiment has turned sharply bullish, and it’s not just crypto-native voices shouting ‘to the moon.’ Big money is flowing in. Analysts are calling for a $120K […]
JPMorgan’s chairman of investment strategy, Michael Cembalest, is wary of bitcoin and other cryptocurrencies. The JPMorgan strategist stated in a column published Feb. 3 that his comments were his own and not those of JPMorgan Chase. JPMorgan Strategist Raises Issues With Crypto Market While much of the United States recovers from last week’s terrible winter […]
JPMorgan has offered its view on the bitcoinization of El Salvador, the country which recently made bitcoin legal tender alongside the U.S. dollar. JPMorgan says, “It is difficult to see any tangible economic benefits associated with adopting bitcoin as a second form of legal tender.” JPMorgan on the Bitcoinization of El Salvador JPMorgan & Chase’s Latin American research team published a report titled “The Bitcoinization of El Salvador” Thursday. El Salvador recently passed legislation making bitcoin legal tender alongside the U.S. dollar. The JPMorgan....
Uptober is only beginning, and we’re already seeing a sharp uptrend from nearly all the market’s top cryptocurrencies. This has resulted in many short positions totaling $337.21M being liquidated on October 2, according to CoinGlass data. Meanwhile, Bitcoin’s ($BTC) massive rally brought it back to $120K, with some analysts projecting that it could finally hit $125K with support from the upward spike in gold’s value and reduced inflation risks, as reported by CoinTelegraph. With Q4 historically being great for the crypto market, the time is right to grab some of the best altcoins to buy,....