#cryptonews

JPMorgan sees significant growth potential for Bitcoin:

JPMorgan released a grimly optimistic forecast, stating that Bitcoin could rise to around $170,000 in the next 6 to 12 months.

Their argument: when compared on a risk-adjusted volatility basis with gold, the risk/return profile of Bitcoin appears attractive.

Recovery in process: #биткойн and #Эфириума are rising amid expectations of rate cuts:

Bitcoin has returned above $93,000, and Ethereum has risen to $3,200, recovering from recent declines.

The growth is largely fueled by market expectations that the U.S. Federal Reserve will soon lower interest rates, pushing investors towards riskier assets like cryptocurrencies.

Momentum shift: Ethereum's "Fusaka Upgrade" sparks renewed interest:

The Fusaka Upgrade of Ethereum, a major technical update, has been successfully completed. This has sparked renewed interest in purchasing #ETH compared to Bitcoin, according to some market signals.

The upgrade seems to have increased optimism around altcoins and decentralized finance (DeFi) tokens related to the network #ETH .