Analysts at the investment bank JPMorgan have reduced the fair value of Bitcoin by almost 13% from its current value.course, writes Bloomberg. According to the bank’s experts, the fair price of the first cryptocurrency is $38 thousand.
The indicator directly depends on the levelvolatility, JPMorgan noted. With a three-fold decrease in volatility from current levels, the fair value of bitcoin can increase to $50,000, according to JPMorgan experts.
January 9, Bitcoin is trading at $43.4 thousand., and its capitalization is $823 billion. Over the week, the cryptocurrency has risen in price by 12%, on February 8, its value for the first time in more than a month reached $45,000. 37%.
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