JPMorgan's Cautious Outlook: Ether Poised to Outshine Bitcoin in 2024

JPMorgan analysts express caution about cryptocurrency markets in 2024, but expect ether to outperform bitcoin due to an upgrade making the Ethereum blockchain more scalable. ARK Invest sells a significant portion of Coinbase shares as the crypto exchange's stock reaches a 20-month high. The value locked in Cardano's ecosystem surges as investors seek alternatives to Ethereum. The ratio of open bitcoin puts and calls indicates a growing bias for downside protection.