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JPMorgan's latest research report said that although Bitcoin fell to $81,000 last month and recorded its first annual year-on-year decline since 2023, it does not believe that the market will enter a new round of crypto winter and is still bullish on the crypto market trend. The report said that this correction is "meaningful but does not change the bull market structure" and pointed out that the total size of stablecoins has increased for 17 consecutive months, and the ecology has not shown signs of structural deterioration. Previously, Standard Chartered lowered its 2025 BTC price target to $100,000. (Decrypt)
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