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JPMorgan says bitcoin price could drop towards $42,000 post April halving

Summary by The Block
JPMorgan predicts that the bitcoin price will drop to $42,000 after halving, citing reduced miner rewards and higher production costs.

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Is Bitcoin due for a major correction? JPMorgan predicts drop to $42,000 after April halving

JPMorgan analysts predict that reduced miner rewards and doubling production costs will depress Bitcoin prices.

·New York, United States
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The BlockThe Block
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JPMorgan says bitcoin price could drop towards $42,000 post April halving

JPMorgan predicts that the bitcoin price will drop to $42,000 after halving, citing reduced miner rewards and higher production costs.

Read Full Article
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The Block broke the news in on Thursday, February 29, 2024.
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