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JPMorgan Says Bitcoin Will Keep Leading Crypto Market
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
JPMorgan Chase warned Ethereum and other altcoins are unlikely to outperform Bitcoin anytime soon. In a May 14 client note, analysts cited Ethereum’s weak network activity, slow DeFi growth, and limited real world adoption since 2023. Bitcoin continues attracting stronger ETF inflows while more holders move coins into long term storage. JPMorgan also pointed to rising selling pressure on Ethereum despite upcoming upgrades like Glamsterdam. The bank believes Bitcoin’s growing dominance near 60% strengthens its position as crypto’s leading store of value globally.
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