Plain Language Blockchain Morning News: JPMorgan says it maintains a $170,000 gold-pegged target price for Bitcoin even after the recent plunge

白话区块链 · 2025-12-06T01:25:13+00:00

JPMorgan remains bullish on Bitcoin with a target price of $170,000; Ethereum activity declines, transfer fees fall below some L2 networks; Bitcoin hash rate drops while price rises; market fear index drops to 23; Circle mints 10 billion USDC; rebound lacks momentum; Fed rate cut expectations may have been priced in by the market; Monet Bank enters crypto lending; DAT bubble bursts, macro environment may support the market; US September core PCE comes in below expectations.

白话区块链

2025-12-06 01:25:13

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JPMorgan: Despite Bitcoin’s recent plunge, maintains $170,000 gold-anchored target price;
Ethereum mainnet activity is cooling off, transaction fees are now several times lower than some L2 networks;
Bitcoin network hashrate dropped 18.68% this week, while price rose 8.34% during the same period;
Crypto Fear Index drops to 23, market returns to an “extreme fear” state;
Circle has minted 10 billion USDC in the past month;
Glassnode: The crypto market’s current rebound remains fragile due to lack of dedicated catalysts;
Bank of America: The market may soon price out expectations for a Fed rate cut in January;
Trump supporter Andy Beal’s Monet Bank enters the crypto lending sector;
CoinShares: The DAT bubble has largely burst, and an improved macro environment could support the market;
US September core PCE came in below expectations, hitting a three-month low.

BTC-0,9%

ETH-3,11%

USDC-0,02%

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