In news, from the cryptocurrency market Bitcoins value has surged by 23% in the five days until February 28. Despite this trend Bitcoin options traders seem hesitant to take on a stance.
JP Morgan News
According to the MVRV metric, which measures the market value compared to the realized value of Bitcoin it indicates a market environment, for Bitcoin in 2024 similar to recoveries in the mid 2010s.
Amidst the ongoing debate on cryptocurrency’s value, Galaxy Digital’s Mike Novogratz defends Bitcoin against Jamie Dimon’s critical remarks, highlighting its market performance and investor support.