Article Image
IPFS News Link • Bitcoin

Bitcoin Surges Above $40k After Latest JPM Hitpiece

• Zero Hedge - Tyler Durden

Bitcoin prices are up over 30% from last week's lows, breaking above $40,000 for the first time in three weeks following headlines from Elon Musk (flip-flopping to a supportive stance), MicroStrategy's successful launch of their upsized $500 bond offering (to be used to buy bitcoin), and the Dutch finance minister dissing advisors who demanded bitcoin be banned.

We have seen this level of 'cheapness' for bitcoin before...

Ethereum is underperforming notably (but rising still), pushing the ETH/BTC ratio back to key support...