JPMorgan cuts popular crypto stock's price target ahead of earnings

JPMorgan Chase (NYSE: JMP), the world's largest bank in terms of market capitalization, is well-known for its predictions on the cryptocurrency market. Though JPMorgan has faced accusations of debanking from the industry, the banking giant is reportedly planning to launch crypto trading services for institutional clients. Amid the ongoing crypto market crash, the bank recently said Bitcoin (BTC) could eventually hit $266,000. Now, the bank has slashed the price target of Coinbase Global (Nasdaq: COIN) a ...