in a recent note jpmorgan chase  co jpm said that bitcoins btcusd fair price is 28 higher than its current level what happened jpmorgans strategist nikolaos panigirtzoglou said in a note the past months crypto market correction looks more like capitulation relative to last januaryfebruary and going forward we see upside for bitcoin and crypto markets more generally jpmorgan has said that the present cryptocurrency market has been hurt more than other alternative investments such as private equity private debt and real estate as prices have started moving back up the investment bank suggests theres still more room for the crypto market to rebound bitcoin plunged to 1770862 on june 18 and has since moved 20 higher although the apex crypto remains 69 below its record peak of 6878963 also read crypto analyst who correctly predicted bitcoin would retreat to 21k now has this new alert whats next jpmorgan remains committed to its may assessment of bitcoins fair value at 38000 28 higher than its current market price the global cryptocurrency market cap has fallen from over 28 trillion in november 2021 to around 955 billion at press time however jpmorgan analysts do not believe the market downturn has caused irrevocable damage to the cryptocurrency space at the time of writing bitcoin was trading at 21266 up 046 in the last 24 hours that adds to a strong week for btc which is up over 8 in the past seven days photo created with an image from gideon benari on flickr