BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, LTC From Cointelegraph
(BTC) The price remains tremendous and throughout this week, every manifestation of relief has been sold in. This is a classic reaction of the bears market and it may not end quickly. However, current price action should not be a concern for investors because the more time spent in a fund formation, the stronger will be the basis for the next stage of the upward movement.
In a recent note to investors, JPMorgan (NYSE 🙂 said the fair value of Bitcoin may be between $ 23,000 and $ 35,000 in the medium term. The bank said the cryptocurrency flows of Bitcoin funds since the fall of May 19 show a lack of demand from institutional investors. Another reason that may be capping the price of Bitcoin is the massive unblocking of Bitcoin by the grayscale Bitcoin Trust Fund at the end of the six-month blocking period.
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