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Out With the G(old), In With the New

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Chart of the Day

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Talk about welcoming an April Bulls’ Day! The month of March saw several record-breaking moments, among which the ETH miner revenue totaling $1.38 billion, up a modest 0.73% against its February record of $1.37 billion. Ethereum transaction fees, constituting a significant portion of miner revenue in February, have dropped 9.94%. The continued miner profitability can be attributed to the NFT boom and Ether’s relatively stable price performance in March.

Talk of the Town

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Out with the g(old), in with the new? That seems to be what JPMorgan is saying about BTC’s potential in eclipsing the safe haven as a portfolio diversifier. According to their research, the recent decline in Bitcoin’s volatility is going to attract more institutions seeking low-correlation assets. JPMorgan Chase is never too bold in its Bitcoin price prediction — this time charging straight towards a long-term price target of $130,000. 

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