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JPMorgan predicts bitcoin could hit $165K, President Trump threatens to fire federal workers

DeFi Daily News by DeFi Daily News
October 3, 2025
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JPMorgan predicts bitcoin could hit 5K, President Trump threatens to fire  federal workers
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Morning Brief: Market Sunrise anchor Ramzan Karmali breaks down the latest market news for October 3, 2025.

Wall Street hit record highs on Thursday on AI enthusiasm. The Nasdaq Composite, S&P 500, and Dow Jones Industrial Average all notched record highs.

JPMorgan has predicted that bitcoin could hit $165,000 by year’s end on the debasement trade. Ramzan explains the debasement trade and why it could drive bitcoin higher.

President Trump has threatened to slash the jobs of thousands of federal employees in what is seen as an effort to put pressure on Democrats to reach a deal and end the shutdown.

Morning Brief: Market Sunrise anchor Ramzan Karmali

About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

– Get the latest news and data at finance.yahoo.com

– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

– Follow Yahoo Finance on social:

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Tags: 165KBitcoinBondsbusinessCurrenciesEquitiesFederalFIREFXhitInvestingInvestmentJPMorganMarketMarketsMoneyNewsNYSEPersonal FinancePoliticsPredictspresidentSavingsStock marketstocksThreatensTrumpworkersYahoo FinanceYahoo FInance Premium
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