Ethereum’s value has hit a recent all-time high above $4,600. However, not everyone agrees that the altcoin is fairly priced. Analysts at JPMorgan fall into this category. Although the altcoin has made great strides in utility recently, the analysts do not believe that the coin is fairly valued. They believed that the fair price of the digital asset is in fact much lower than its current value. Ethereum has been one of the most successful digital assets in the market. This has been due to the growth of use cases…
Day: November 5, 2021
New York Mayor-Elect Will Take Bitcoin For First Three Paychecks
Eric Adams, the new mayor of the city of New York, has once again publicly shown support for bitcoin. The mayor has long been in support of the cryptocurrency, saying he wanted to make New York the bitcoin capital of the country. His most recent show of support has only reiterated the mayor’s plan for the city. Mayor Adams responded to a tweet from Francis Suarez, the mayor of Miami famous for making the city a crypto hub. Apparently, New York is in a race to make the city the…
The Fractal That Puts Bitcoin At $100,000 Before Year-End
Bitcoin has mostly consolidated beneath its all-time high from October. Cryptocurrencies like Ethereum and Solana have gone on to touch new all-time highs following the October rally but the same cannot be said for bitcoin. BTC’s entrance into the new month has been unremarkable so far. The digital asset has mainly maintained its value above $61,000 despite wavering momentum. However, a flash crash on Wednesday put the digital asset at $60,000 for the first time since its October ATH. Related Reading | Bitcoin ETF Inflows Slow Down As Altcoins Interest Rebound…