Gold Finance reported that in a report, analysts at JPMorgan Chase stated that most of the positive catalysts that could drive the price pump of BTC and the broader crypto market have already been priced in, including the provision of encryption ETFs by Morgan Stanley Wealth Advisors to their clients, the end of the compensation in Mentougou, and favorable regulations indicated by both parties in the United States, etc. The bank stated that these positive catalysts seem to have been reflected in the current price of digital assets. 'Due to the limited risk diversification in the BTC futures market in the Chicago commodity exchange platform, the stock market is still fragile... Despite recent adjustments, we remain cautious about the crypto market.' The bank stated that any rebound in the crypto market in the short term may be short-lived, as the price of BTC is still high relative to its production cost and gold. The bank's analysts currently estimate that the average production cost of BTC mining is about $49,000, and any PA below this level will bring pressure to miners, further suppressing the price of BTC.

BTC0,13%

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