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Wed, Feb 17, 2021 1:01 PM by Coinfomania

JPMorgan’s Strategists: BTC Rally Will Not Last Unless Volatility Reduces

Strategists from JPMorgan Chase have recently opined that the largest cryptocurrency by market cap, Bitcoin (BTC), needs to disassociate from its increased volatility to sustain its current bull run.  The strategists led by Nikolaos Panigirtzoglou noted in a report that BTC’s current price of above $51,000 is “not sustainable” unless the cryptocurrency eases its high volatility.  BTC Volatility Not New, Sparks Controversy BTC’s volatile nature has been a major topic of discussion among global financial experts since 2017.  The asset, which spiked as high as almost $20,000 in early 2018, plunged below $10,000 that year.  This unfavorable price swing has sparked debate

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