JPMorgan Forecasts $146K BTC! 😱

...And Two Big Setbacks for XRP 🥺 Tue. Jan 5, 2021 Latest Market Update 📈 After a rather dismal day yesterday — with [Bitcoin]( falling 14% at one point — Tuesday has been shaping up to be a better day for the crypto markets. BTC managed to head back above $33,000, while [ETH]( was comfortably above $1,000 and outperforming the world’s biggest cryptocurrency. Nerves are growing that a much bigger correction could be looming. Market Activity Total Market Cap $904.8 BN (+6.56%) 24 Hour Volume $133.3 BN (-24.81%) Notable Movers Stellar [(XLM)]( Bitcoin Dominance 68.7% (+0.38%) Bitcoin Price $33,607.62 (+9.21%) Today’s Top Stories 📰 Learn all about crypto at [Alexandria]( your new online crypto source! JPMorgan’s Big Prediction 🚀 Strategists at JPMorgan have predicted that [Bitcoin]( could head as high as $146,000 if investors continue to favor Bitcoin over gold. However, the investment bank warned that it’s extremely unlikely that such a price tag would be achieved this year, describing it as a long-term goal. [As our article explains,]( it also warns a surge to $50,000 would be "unsustainable." Another Setback for XRP ❌ With a number of high-profile exchanges abandoning [XRP]( things haven’t been looking good for this altcoin. Grayscale Investments inflicted another blow when it announced that the cryptocurrency was being removed from its large cap fund. [But as our report reveals,]( one exchange is urging rival platforms not to delist XRP until the SEC’s lawsuit has concluded. You Don’t Trust Forecasts ❌ There’s a lot of noise on Crypto Twitter about where [Bitcoin]( is heading in 2021. Just 37.7% of you say there’s a prediction that you definitely trust — and 14.1% of you told us there’s no forecast you’d rely on. Of those who pay attention to predictions, PlanB’s stock-to-flow model — which indicates BTC will hit $100,000 by December — was especially popular. And, Er, Another Setback 🤯 A British investment firm that participated in Ripple’s Series C funding round has announced that it is suing the company. According to Bloomberg, Tetragon Financial Group wants to be reimbursed for the stock it holds, and has asked a court in Delaware to freeze Ripple’s cash and liquid assets until the payment is made. [Read more.]( Manhunt over Crypto Crime 🚨 Police in Hong Kong are looking for a gang of six robbers who stole 15 [BTC]( from a crypto trader. The victim was encouraged to enter into a car in order to receive a cash payment of $387,000. The thieves drove off with him inside, and later abandoned him on a hillside — leaving him without the Bitcoin, the cash payment, and his two cell phones. [Read more here.]( Bitcoin Emoji Here to Stay 😍 There’s no need to worry about Twitter’s [Bitcoin]( emoji vanishing any time soon. It’s now emerged that the icon isn’t set to expire until the year 3000 — a full 979 years from now. Of course, it’s no coincidence that the social network’s CEO is none other than Jack Dorsey, who also runs the crypto-friendly payments platform Square. Take a quiz! Earn $GRT and $SAND Tokens Learn about one of the most popular DeFi projects The Graph and [Sandbox]( Watch the series, complete quizzes & learn how you earn more with your digital assets.* [Learn More]( (Not available in certain countries, check FAQ for details) Thanks for reading! Have a great day — more news tomorrow! 👋 😍 our newsletter? [Share](mailto:?subject=Check%20out%20this%20awesome%20newsletter!&body=You%20should%20subscribe%20to%20this%20newsletter%20for%20the%20top%20news%20in%20crypto%20%26%20blockchain%3A%20https%3A%2F%2Fcoinmarketcap.com%2Fnewsletter%2F) with a friend! 😡 our newsletter? [Spam](mailto:?subject=this%20is%20not%20a%20truce&body=Although%20we%20have%20our%20differences%2C%20the%20longer%20you%20can%20prop%20yourself%20up%20with%20crypto%2C%20the%20more%20fun%20we%20will%20have%20as%20adversaries.%20Sign%20up%20here%20so%20you%20can%20keep%20your%20ass%20updated%3A%20https%3A%2F%2Fcoinmarketcap.com%2Fnewsletter%2F) your enemy! [Go to CoinMarketCap.com]( [Facebook]( [Twitter]( [Instagram]( [Telegram]( © 2020 CoinMarketCap [Update Settings]( [coinmarketcap.com]( Sent to: {EMAIL} [Unsubscribe]( CoinMarketCap OpCo LLC, 8 The Green, STE 6703, Dover, Delaware 19901, United States