JPMorgan drops base-case Iran war scenario as Bitcoin trades near $78,500
- —JPMorgan abandoned its base-case scenario for the end of the war in Iran
- —The bank told clients it cannot model the conflict's outcome
- —Bitcoin trades around $78,500 at the time of publication
- —The note was prepared by Natasha Kaneva, head of commodities strategy
Why it matters: Geopolitical uncertainty around Iran is a risk factor for markets, including crypto.
Source: Coinotag