JPMorgan: Bitcoin Price Hikes 'Overbought' as ETF Hype Risks Draining Existing Funds, But Ethereum and Venture Funding Look Brighter
• JPMorgan analysts believe ETF optimism is overhyped and could draw capital away from existing Bitcoin funds if approved, denting prices
• Report claims recent Bitcoin price increases are overbought and upcoming halving is already priced in
• Ethereum could outperform in 2024 due to network upgrades like Protodanksharding that may increase adoption
• Crypto venture funding has started reinvigorating this quarter after falling in recent months
• Analysts think continued revival of crypto VC funding could signal the end of the crypto winter