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GBTC profit-taking almost concluded, JPMorgan says

Posted on 01/26/2024

GBTC profit-taking almost concluded, JPMorgan says

JPMorgan analysts said in a note on Thursday that Bitcoin’s downside pressure could be easing amid a downtrend in GBTC outflows. Grayscale’s GBTC has seen over $4.3 billion in outflows amid profit-taking. Bitcoin price hovered around $39,800 as bulls struggled to reclaim the $40k level. The selling pressure that hit Bitcoin (BTC) in the aftermath […]

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