Odaily Planet Daily News reports that JPMorgan Chase states that after strong performance and increased volatility of gold, Bitcoin’s long-term appeal relative to gold has improved. Although recent cryptocurrency prices have weakened, the scale of liquidations is not large, but the outflow of funds from spot Bitcoin ETFs continues. JPMorgan Chase points out that Bitcoin’s current trading price is well below its estimated production cost of $87,000, which has historically been a relatively low bottom.
JPMorgan Chase’s key point: The risk-adjusted value of Bitcoin relative to gold has strengthened, and its volatility relative to gold has fallen to a historic low, indicating that in the long term, Bitcoin has significant upside potential.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Data: If BTC breaks through $70,719, the total liquidation strength of mainstream CEX short positions will reach $1.355 billion.
ChainCatcher reports that, according to Coinglass data, if BTC breaks through $70,719, the total liquidation strength of long positions on major CEXs will reach $1.355 billion. Conversely, if BTC drops below $64,076, the total liquidation strength of short positions on major CEXs will reach $1.25 billion.
GateNewsBot3m ago
Strategy CEO: The company will issue more perpetual preferred shares to alleviate investors' concerns about the stock price.
Strategy CEO Phong Le stated that the company will issue more perpetual preferred shares to alleviate investors' concerns about stock price volatility and to provide a stable investment tool, with the current dividend yield at 11.25%. The company has already sold approximately $370 million in common stock and $7 million in perpetual preferred shares to support the Bitcoin purchase plan.
GateNewsBot17m ago
BlackRock Enters the UNI Ecosystem: Are Whales Betting on a Major Uniswap Price Reversal? - BTC Hunts
The post BlackRock Enters the UNI Ecosystem: Are Whales Betting on a Major Uniswap Price Reversal? appeared first on Coinpedia Fintech News
The Uniswap price chart just printed a sharp 15% intraday rise, and this time it’s not just retail noise. Infact, Whale transaction counts have spiked
BTCHUNTS26m ago
BTC drops below 67,000 USDT
Gate News bot message, Gate Market Display, BTC drops below 67,000 USDT, current price 66,987 USDT.
CryptoRadar1h ago
Data: 305.59 BTC transferred from an anonymous address, routed through a relay, and sent to another anonymous address
ChainCatcher reports that, according to Arkham data, at 07:15, 305.59 BTC (worth approximately $20.54 million) was transferred from one anonymous address (starting with bc1q35...) to another anonymous address (starting with bc1qe2...).
GateNewsBot1h ago
