In the latest news on Bitcoin, the crypto was staging a comeback. Bitcoin (BTC) was higher Monday, after snapping a record nine-week losing streak. Bitcoin rallied 6%in 24 hours, to about $31,500.
Bitcoin has more than halved since hitting its all-time high of $68,982.20 in November. It was trading in a tight range this year before falling below $30,000 this month after the Terra collapse.
JPMorgan strategist in the US sees an over 30% jump in the digital token from here as the Bitcoin seems 'oversold' in their opinion.