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JPMorgan analyst Reginald L. Smith rates RIOT and IREN stocks as Overweight; With IREN, the stock offers 100% upside potential.
Deutsche Bank's latest survey suggests an increase in a rise in positive sentiment towards cryptocurrencies among retail investors in the first quarter of 2024.
Bitcoin was trading at roughly $22,400 late Monday, down more than 16% in the past day.
The world's largest cryptocurrency dropped around 2% to as low as $28,379.26, its lowest since January 2021.
Bitcoin was down 17%, Ethereum was down 14%, Dogecoin was down almost 20%, and Polkadot was down 14%. Tether, a dollar-pegged cryptocurrency, was down about 17 percent.