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Bitcoin Surges Past $104K, JPMorgan Sees Strong Potential

Suggests it may outshine gold in the second half of 2025

May 16, 2025
in Blockchain, Market, Mining
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Bitcoin gained 1.30 percent on international exchanges this Friday, despite ongoing market volatility, reaching $104,010 globally, according to CoinMarketCap. On Indian exchanges, it rose nearly two percent to $104,770. JPMorgan projects Bitcoin could surpass gold in performance during the latter half of 2025.

Meanwhile, Ether slipped 0.15 percent, trading at $2,588 internationally.

Most altcoins saw a decline on Friday, with Tether, Ripple, Solana, Dogecoin, Cardano, and Avalanche among those losing value. Other cryptocurrencies such as Shiba Inu, Leo, Polkadot, Monero, Near Protocol, and Cronos also faced price drops.

Despite these declines, the overall crypto market cap edged up by less than one percent in the past 24 hours, now standing at $3.33 trillion, according to CoinMarketCap. Meanwhile, Binance Coin, Tron, Stellar, Litecoin, Iota, and Polygon managed to secure modest gains.

Analysts anticipate continued volatility in the market and advise caution. They attribute the recent downturn to a correction following an extended phase of optimism. Altcoins have been particularly affected, with many experiencing sharp losses amid shifting sentiment after ecosystem updates. However, such fluctuations are a defining feature of the crypto market, often presenting opportunities for strategic investors.

It’s important to note that cryptocurrency remains an unregulated digital asset, not recognized as legal tender, and is subject to market risks. The information provided should not be considered financial or trading advice. CryptoNow holds no responsibility for any investment decisions made based on the content of this article.

Tags: BitcoinCryptocurrencyEthereumMining

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