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TechFlow reported, citing a Wednesday research report from JPMorgan, that bitcoin (BTC) prices may weaken following the halving of mining rewards. Additionally, cryptocurrency prices at around $61,200 still exceed the bank's volatility-adjusted gold price of $45,000 and the estimated post-halving production cost of $42,000.
JPMorgan also noted that despite the recent recovery in the crypto market, venture capital funding remains subdued.
JPMorgan stated in a research report on Wednesday that bitcoin (BTC) prices may weaken after the halving reward. Additionally, the cryptocurrency's price of around $61,200 remains above the bank's volatility-adjusted gold price (i.e., $45,000) and the estimated post-halving production cost of $42,000. JPMorgan also noted that despite the recent recovery in the crypto market, venture capital funding remains subdued.
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