JPMorgan says bitcoin price could drop toward $42,000 after Ap | Bitcoin News
JPMorgan says bitcoin price could drop toward $42,000 after April halving
The upcoming Bitcoin halving event scheduled for April could trigger a sharp decline in the price of bitcoin, according to JPMorgan analysts. The halving event will reduce Bitcoin miners' rewards from the current 6.25 BTC per block to 3.125 BTC and this reduction will negatively impact miners' profitability and lead to a higher bitcoin production cost, JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in a report on Wednesday.
