• Bitcoin above $51,000 is unsustainable unless volatility subsides, says JPMorgan

    16 days ago - By Business Insider

    Summary List Placement
    Bitcoin's current price above $51,000 is "unsustainable" unless volatility subsides, JPMorgan said in a note.
    Strategists estimate a large portion of recent flows into the token have been driven by speculation.
    If the token's volatility converges to that of gold, bitcoin could reach $146,000, they added.
    Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
    Bitcoin's current price is "unsustainable" unless the cryptocurrency's volatility dies down, according to JPMorgan.
    The cryptocurrency flew to new heights above $52,800 on Friday morning...
    Read more ...

     

  • Bitcoin above $51,000 is unsustainable unless volatility subsides, says JPMorgan

    Bitcoin above $51,000 is unsustainable unless volatility subsides, says JPMorgan

    16 days ago - By Business Insider

    Francesco Carta fotografo/ Getty Images
    Bitcoin's current price above $51,000 is "unsustainable" unless volatility subsides, JPMorgan said in a note. Strategists estimate a large portion of recent flows into the token have been driven by speculation. If the token's volatility converges to that of gold, bitcoin could reach $146,000, they added. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Bitcoin's current price is "unsustainable" unless the cryptocurrency's volatility dies down, according to JPMorgan.
    The cryptocurrency flew to new heights above $52,800 on...
    Read more ...