Market Wrap: Ether Jumps to All-Time High as Bitcoin Stalls Despite JPMorgan’s $130K Call

Though bitcoin has roughly doubled in price this year, the gains have stalled around $60,000, despite continuing signs of growing mainstream adoption, including lofty price predictions from Wall Street firms including JPMorgan Chase, the largest U.S. bank, and the brokerage firm BTIG.

BTIG issued a “buy” rating on shares of Michael Saylor’s MicroStrategy, the business intelligence firm and bitcoin storehouse. The firm’s analysts said their valuation was partly based on an assumption that BTC could rise to $95,000 by the end of 2022.

[Jumps to All-Time High as Bitcoin Stalls Despite JPMorgan’s $130K Call]

(https://www.coindesk.com/market-wrap-ether-all-time-high-bitcoin-stalls/)