JPMorgan Sees Ethereum Outperforming Bitcoin Through 2024 as DeFi Heats Up, But Cautions on Crypto Markets Overall
• JPMorgan cautious on crypto markets into 2024; expects Ethereum to outperform Bitcoin due to network upgrade
• ARK Invest sold over $42M in Coinbase shares as exchange hit 20-month high
• Cardano ecosystem growth surges, ADA token up 80% monthly amid search for Ethereum alternatives
• Total value locked in DeFi tops $50B, led by Solana protocols amid blockchain optimism
• Bitcoin derivatives data shows increasing bias toward puts, though overall sentiment remains bullish