Legal Battle over 1 MILLION Bitcoin Begins

Bitcoin continues to climb as Ethereum and Dogecoin lower

The price of bitcoin was up more than 1.1 percent on Tuesday morning.

According to Coindesk, the price was at $57,134 per coin, while competitors Ethereum and Dogecoin were trading around $3,475 (-3.39%) and 22.3 cents (-5.98%) per coin.

JPMorgan Chase CEO Jamie Dimon isn’t a fan of Bitcoin, and he expressed his displeasure with the cryptocurrency on Monday, calling it “worthless” and comparing trading it to smoking cigarettes.

Bitcoin continues to climb as Ethereum and Dogecoin lower

Dimon remarked during a virtual session organised by the Institute of International Finance, “I personally believe that Bitcoin is worthless.” “But I’m not interested in being a spokesperson for that. To me, it makes no difference.”

Meanwhile, according to Coindesk, bullish enthusiasm has continued to increase since bitcoin’s price surpassed $57,000 on Monday. BTC has gained roughly 3% in the last 24 hours, continuing its outperformance against other cryptocurrencies.

Analysts expect the stock to rise further this quarter, with some predicting a comeback to the all-time high above $63,000.

“The crypto rise is noteworthy since it occurred in the face of a larger risk-off environment in both stocks and bonds, with crypto markets seemingly disconnecting from the equity markets,” Coinbase wrote to institutional customers in a newsletter last week. “Bitcoin dominance (BTC market cap relative to overall crypto market cap) has reached multi-month highs, indicating that BTC is definitely leading this market higher.”

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