BTCC
/
BTCC Square
/
Coindesk
/
JPMorgan Bullish on MARA: Upgrades Bitcoin Miner to Overweight as IREN and Riot Get Downgraded
JPMorgan Bullish on MARA: Upgrades Bitcoin Miner to Overweight as IREN and Riot Get Downgraded
12
1
Wall Street's crypto chessboard just got reshuffled—JPMorgan makes its move.
The big play: Marathon Digital (MARA) surges to Overweight status, while rivals IREN and Riot Platforms get dumped to Neutral. No explanations given—just the cold calculus of institutional favor.
Why it matters: When a bulge-bracket bank flips its rating, miners scramble. MARA’s upgrade signals confidence in its hash rate dominance, while IREN and Riot now face investor skepticism. Classic case of ‘one winner, two consolation prizes.’
The cynical take: Analyst ratings remain the financial world’s most polished crystal ball—until next quarter’s revision. Meanwhile, Bitcoin’s price does what it always does: ignores Wall Street entirely.
By:
Previous
Breaking: OKX Launches First UAE-Regulated Crypto Derivatives for Retail Investors
Next
BNB Soars 6% as U.S.-EU Trade Deal Ignites $610M Corporate Buying Frenzy
