Bitcoin, ether wobble, crypto stocks mixed ahead of Fed minutes

Bitcoin (BTC-USD) and ethereum (ETH-USD) are changing hands within a tight range in Wednesday afternoon trading, as investors await for the U.S. central bank's Federal Open Market Committee ("FOMC") minutes scheduled for 2:00 p.m. ET. As stocks gain some upside momentum intraday, bitcoin (BTC-USD +0.8%) is drifting up to $29.6K over the past 24 hours, while ether (ETH-USD -0.1%) is largely flat. While bitcoin (BTC-USD) remains more than 50% off from its all-time high in November 2021, JPMorgan thinks there's plenty of upside potential from current levels. Moreover, JPMorgan analyst Nikolaos Panigirtzoglou has replaced real estate with digital assets as one of his preferred alternative assets because "the past month's crypto market correction looks like capitulation relative to last January/February and going forward we se upside for bitcoin and crypto markets more generally," he wrote in a note. Panigirtzoglou pointed to the bitcoin-to-gold ratio, which has fallen modestly to 4x, suggesting "an unchanged