Cryptocurrencies are ending a tough week on a down note. Bitcoin was off 2% to $45,700 while Ethereum was down 4% to $3,330 Friday afternoon. Smaller cryptos were also weak, with Cardano off 4% to $2.43 and Solana down 2.8% to $179.
Despite the tough market, JP Morgan’s crypto team is getting more bullish on Ethereum (ETH), the second-largest token, and its underlying network. The analysts also see revenue gains for crypto brokerages Coinbase Global (ticker: COIN) and Robinhood Markets (HOOD).