chain-signal Bitcoin's Turbulent Week: Price Plunge, JPMorgan's Bullish Call, and Industry Shakeup
Bitcoin's price plummeted to new year-long lows, leading to a sharp decline in Strategy's shares and sparking concerns among investors. Meanwhile, JPMorgan analysts argue that Bitcoin's long-term investment case versus gold has strengthened. The crypto industry also saw significant developments, including the shutdown of Merkle Trade and Aave's proposal to pause three underused Layer 2 deployments.