Bitcoin rose close to $60,000 but retraced to $59,000, gaining 2% in 24 hours after a midweek slump below $57,000, marking April as the worst month since June 2022, partly due to retail investors' sell-off, according to JPMorgan.
JPMorgan has a cautious stance on crypto markets due to a lack of positive catalysts. Meanwhile, Coinbase reported $1.2 billion in income and improved performance due to market conditions and business diversification like Base, leading to its price target raised by several analysts.
Friend.Tech's token drastically dropped to $2.50 from $169 post-debut, potentially due to liquidity issues. Despite price fluctuations, JMP analysts remain optimistic about Coinbase's long-term role in the crypto economy.
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