The Economic Times News

Bitcoin price sinks 31% is the correction over as BTC fights for support and JPMorgan upgrades two miners, hinting at a 2026 crypto rebound?

Bitcoin price dropped 31% in November to nearly $82,000 after Fed hawkishness, rising yields and $2 billion in liquidations hit sentiment. Key support sits at $84,000$86,000 as whales accumulate and institutional inflows from FBTC and IBIT continue. The coin briefly touched $80,600 after peaking above $126,000 earlier this year. JPMorgan upgraded Cipher Mining and CleanSpark as HPC valuations rose to $8$17 million per MW. Ciphers 2026 target is now $18. CleanSpark stays at $14. Riot and MARA saw cuts, while IRENs target rose to $39 amid updated hashrate and revenue assumptions.