• bitcoinBitcoin (BTC) $ 111,082.00
  • ethereumEthereum (ETH) $ 2,770.80
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.42
  • bnbBNB (BNB) $ 670.86
  • solanaSolana (SOL) $ 157.17
  • usd-coinUSDC (USDC) $ 0.999903
  • tronTRON (TRX) $ 0.291545
  • dogecoinDogecoin (DOGE) $ 0.180067
  • staked-etherLido Staked Ether (STETH) $ 2,770.49
  • cardanoCardano (ADA) $ 0.619768
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 110,972.00
  • hyperliquidHyperliquid (HYPE) $ 41.41
  • wrapped-stethWrapped stETH (WSTETH) $ 3,351.35
  • suiSui (SUI) $ 3.11
  • bitcoin-cashBitcoin Cash (BCH) $ 511.20
  • chainlinkChainlink (LINK) $ 14.28
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  • leo-tokenLEO Token (LEO) $ 9.00
  • avalanche-2Avalanche (AVAX) $ 19.45
  • wrapped-eethWrapped eETH (WEETH) $ 2,970.86
  • usdsUSDS (USDS) $ 0.999729
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  • wethWETH (WETH) $ 2,772.77
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  • whitebitWhiteBIT Coin (WBT) $ 46.64
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  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 110,980.00
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  • aaveAave (AAVE) $ 297.34
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  • pi-networkPi Network (PI) $ 0.470897
  • bittensorBittensor (TAO) $ 347.64
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • crypto-com-chainCronos (CRO) $ 0.095075
  • aptosAptos (APT) $ 4.58
  • okbOKB (OKB) $ 48.43
  • nearNEAR Protocol (NEAR) $ 2.34
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • jito-staked-solJito Staked SOL (JITOSOL) $ 190.95
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  • susdssUSDS (SUSDS) $ 1.06
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  • kaspaKaspa (KAS) $ 0.081285
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  • cosmosCosmos Hub (ATOM) $ 4.32
  • vechainVeChain (VET) $ 0.022365
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  • official-trumpOfficial Trump (TRUMP) $ 9.17
  • ethenaEthena (ENA) $ 0.287168
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.698057
  • arbitrumArbitrum (ARB) $ 0.356662
  • render-tokenRender (RENDER) $ 3.38
  • skySky (SKY) $ 0.081695
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,770.88
  • bonkBonk (BONK) $ 0.000022
  • algorandAlgorand (ALGO) $ 0.192725
  • filecoinFilecoin (FIL) $ 2.43
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 110,420.00
  • worldcoin-wldWorldcoin (WLD) $ 0.918467
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.61
  • binance-staked-solBinance Staked SOL (BNSOL) $ 166.77
  • sei-networkSei (SEI) $ 0.265026
  • usdtbUSDtb (USDTB) $ 1.00
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  • kucoin-sharesKuCoin (KCS) $ 11.16
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  • jupiter-exchange-solanaJupiter (JUP) $ 0.454617
  • usdt0USDT0 (USDT0) $ 0.999892
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,906.27
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  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
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  • blockstackStacks (STX) $ 0.692603
  • tokenize-xchangeTokenize Xchange (TKX) $ 13.31
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,964.78
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,913.16
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.58
  • optimismOptimism (OP) $ 0.588154
  • sonic-3Sonic (S) $ 0.317533
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 110,865.00
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • dogwifcoindogwifhat (WIF) $ 0.956620
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  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,913.71
  • pax-goldPAX Gold (PAXG) $ 3,319.11
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 110,827.00
  • paypal-usdPayPal USD (PYUSD) $ 0.999689
  • story-2Story (IP) $ 3.15
  • flokiFLOKI (FLOKI) $ 0.000093
  • the-graphThe Graph (GRT) $ 0.090073
  • wbnbWrapped BNB (WBNB) $ 670.84
  • kaiaKaia (KAIA) $ 0.151272
  • clbtcclBTC (CLBTC) $ 111,665.00
  • immutable-xImmutable (IMX) $ 0.451281
  • vaultaVaulta (A) $ 0.522197
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.37
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 176.35
  • tether-goldTether Gold (XAUT) $ 3,313.65
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,980.43
  • msolMarinade Staked SOL (MSOL) $ 205.41
  • curve-dao-tokenCurve DAO (CRV) $ 0.561521
  • theta-tokenTheta Network (THETA) $ 0.738651
  • ousgOUSG (OUSG) $ 111.73
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.74
  • lido-daoLido DAO (LDO) $ 0.787454
  • galaGALA (GALA) $ 0.015357
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998404
  • iotaIOTA (IOTA) $ 0.172947
  • ethereum-name-serviceEthereum Name Service (ENS) $ 20.15
  • jito-governance-tokenJito (JTO) $ 1.91
  • zcashZcash (ZEC) $ 40.65
  • raydiumRaydium (RAY) $ 2.45
  • the-sandboxThe Sandbox (SAND) $ 0.268646
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • jasmycoinJasmyCoin (JASMY) $ 0.012975
  • bittorrentBitTorrent (BTT) $ 0.00000063
  • aerodrome-financeAerodrome Finance (AERO) $ 0.728394
  • super-oethSuper OETH (SUPEROETH) $ 2,770.13
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,970.97
  • wrapped-hypeWrapped HYPE (WHYPE) $ 41.43
  • pendlePendle (PENDLE) $ 3.69
  • pyth-networkPyth Network (PYTH) $ 0.105424
  • saros-financeSaros (SAROS) $ 0.229939
  • tezosTezos (XTZ) $ 0.560967
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 110,733.00
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,926.17
  • usual-usdUsual USD (USD0) $ 0.997893
  • memecoreMemeCore (M) $ 0.369496
  • newton-projectAB (AB) $ 0.008636
  • tbtctBTC (TBTC) $ 110,957.00
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,771.51
  • walrus-2Walrus (WAL) $ 0.410827
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  • decentralandDecentraland (MANA) $ 0.285978
  • falcon-financeFalcon USD (USDF) $ 0.997251
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 110,961.00
  • coredaoorgCore (CORE) $ 0.513548
  • morphoMorpho (MORPHO) $ 1.60
  • bitcoin-svBitcoin SV (BSV) $ 25.46
  • apecoinApeCoin (APE) $ 0.631451
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  • thorchainTHORChain (RUNE) $ 1.41
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  • based-brettBrett (BRETT) $ 0.049565
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,773.61
  • chain-2Onyxcoin (XCN) $ 0.014052
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  • staked-hypeStaked HYPE (STHYPE) $ 41.46
  • venomVenom (VENOM) $ 0.224117
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999900
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.179819
  • usddUSDD (USDD) $ 1.00
  • dexeDeXe (DEXE) $ 7.79
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  • starknetStarknet (STRK) $ 0.121948
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  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 110,444.00
  • kaitoKAITO (KAITO) $ 1.53

Bitcoin Miner Price Targets Raised to Reflect Improved Industry Economics: JPMorgan

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Bitcoin Miner Price Targets Raised to Reflect Improved Industry Economics: JPMorgan

JPMorgan (JPM) raised its price targets for a number of bitcoin

BTC$104,909.92 mining companies to reflect first-quarter results and changes to the bitcoin price and the network hashrate, the bank said in a report Friday.

The bank lifted its CleanSpark (CLSK) price target to $14 from $12, its Riot Platforms (RIOT) objective to $14 from $13 and its MARA Holdings (MARA) target to $19 from $18.

“Our price targets generally increased due to higher bitcoin prices and improving mining profitability,” analysts Reginald Smith and Charles Pearce wrote.

JPMorgan said it tweaked the price targets to reflect a 24% increase in the bank’s spot bitcoin assumption and a 9% increase to its network hashrate estimate.

The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a proxy for competition in the industry and mining difficulty.

JPMorgan reiterated its overweight rating on CleanSpark, IREN (IREN) and Riot, and its neutral rating for Cipher Mining (CIFR) and MARA.



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