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Bitcoin traded over 1.1% higher on Tuesday morning.
The price was around $ 57,134 per coin, while rivals Ethereum and Dogecoin were trading at around $ 3,475 (-3.39%) and 22.3 cents (-5.98%) per coin, respectively, according to Coindesk.
JPMorgan Chase CEO Jamie Dimon is no fan of Bitcoin, and he reiterated his feelings on Monday by calling the cryptocurrency “worthless” while likening its exchange to cigarettes.
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“Personally, I think Bitcoin is worthless,” Dimon said at a virtual event hosted by the Institute of International Finance. “But I don’t want to be a spokesperson for this, I don’t care. It doesn’t make any difference to me.”
Bitcoin traded over 1.1% higher on Tuesday morning. (istock / iStock)
Meanwhile, Coindesk reported that bullish sentiment continues to grow after the price of bitcoin broke above $ 57,000 on Monday. BTC has risen by around 3% in the past 24 hours, prolonging its outperformance against alternative cryptocurrencies.
Analysts see continued rise, with some predicting a return to all-time highs of nearly $ 63,000 this quarter.
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“The crypto rally is impressive because it has occurred in the face of a broader risk environment for stocks and bonds, with crypto markets seemingly separating from equity markets,” Coinbase wrote in a newsletter. last week to institutional clients. “We are seeing that BTC is clearly leading this market upwards, as evidenced by the dominance of bitcoin (BTC market cap relative to the total crypto market cap) reaching multi-month highs.”
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