JP Morgan Slams Circle With ’Underweight’ Rating—$80 Target Sparks Crypto Market Jitters
Wall Street's blunt instrument strikes again. JP Morgan just downgraded Circle to 'Underweight'—slapping an $80 price target that feels more like a warning shot than analysis. Here's why the crypto world should care.
### The Institutional Axe Falls
When America's biggest bank whispers 'sell,' markets listen. This isn't some basement-dwelling crypto skeptic—it's the same institution that called Bitcoin 'a fraud' before quietly building a blockchain division.
### The $80 Reality Check
That price target? A 20% haircut from current levels. Either JP Morgan knows something about stablecoin regulation we don't, or they're still salty about losing the CBDC race. Maybe both.
### Crypto's Institutional Tightrope
Circle's USDC dominance makes it the canary in the coal mine for TradFi acceptance. Today's downgrade isn't just about one company—it's a temperature check on Wall Street's crypto flirtation.
Funny how banks always discover risk right after their own crypto projects go live. *Adjusts tinfoil hat*. The 'underweight' call drops as Circle's institutional deals multiply—coincidence or chess move? Only your portfolio manager knows for sure.
