Bitcoin's Outperformance Means Some of Expected Post-Halving Rally May Have Come Early: JPMorgan
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from Coindesk1 month ago
Recent weakness in mining stocks ahead of the bitcoin (BTC) halving offers an attractive entry point for investors, JPMorgan (JPM) said in a research report on Tuesday.
Coindeskhttps://www.coindesk.com/markets/2024/04/17/bitcoins-outperformance-means-some-of-expected-post-halving-rally-may-have-come-early-jpmorgan/
The report noted that bitcoin has gained 43% year-to-date and 130% in the last six months, as it appears a portion of the typical post-halving rally was pulled forward.
Coindeskhttps://www.coindesk.com/markets/2024/04/17/bitcoins-outperformance-means-some-of-expected-post-halving-rally-may-have-come-early-jpmorgan/
"With the bitcoin halving on the horizon, we expect heightened volatility and trading volume in both bitcoin and mining stocks," analysts Reginald Smith and Charles Pearce wrote.
Coindeskhttps://www.coindesk.com/markets/2024/04/17/bitcoins-outperformance-means-some-of-expected-post-halving-rally-may-have-come-early-jpmorgan/
Read at Coindesk
#bitcoin-halving #mining-stocks #investment-opportunities #market-analysis #volatility
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