JPMorgan (NYSE:) has placed Bitcoin’s (BTCAccording to Wednesday’s note, the bank gave clients a notice stating that the current fair price is $38,000. This 28% increase over its current value of $29,000.500. “The past month’s crypto market correction looks more like capitulation relative to last January/February and going forward we see upside for and crypto markets more generally,” the note said. Nikolaos Panigirtzoglou a bank strategist was the author.

A bank investors’ note placed Bitcoin’s fair valueThe same price in February. At that point, it was worth $43,000.