First Mover Americas: Ether Approaches $4K
Summary
Ether is nearing $4,000, trading at around $3,950, following a 67% climb in the past 30 days. It's rising alongside bitcoin and is expected to hit $4,000 soon. JPMorgan believes bitcoin's market cap should rise to $3.3 trillion to match gold's allocation in investor portfolios, but this is unlikely due to its risk and volatility. The Optimism Foundation sold 19.5 million OP tokens for nearly $90 million to an undisclosed buyer, subject to a two-year lockup. The buyer can delegate the tokens for governance participation. U.S. labor data may influence ether's movement.
