Analysts at Wall Street giant JPMorgan have issued a bullish, gold-based bitcoin price prediction that could see the bitcoin's capitalization's climb to near $900 billion. via ForbesCrypto
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bitcoin's regular supply cuts have served as a constant price propeller, helping to support the ethereum price.The strategists also warned the ethereum price could face selling pressure over the next few months due to its recent Shanghai upgrade that saw the ethereum network complete its switch from bitcoin's proof-of-work consensus mechanism to the more energy efficient proof-of-stake.to somewhat underperform bitcoin over the near term," the analysts said, adding the U.S.
adding an expected surge of newly-minted dollars could trigger further bitcoin, ethereum and crypto volatility"The increase of the debt ceiling means that the U.S. government is expected to issue between $800 billion and $1 trillion in the next six months. This means that, in the mid-term, money is removed from more risky assets, to buy government bonds.
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