Crypto Market Sell-Off Was Driven by Retail Investors, JPMorgan Says
JPMorgan, one of the leading banks on Wall Street, plans to keep its cautious stance on the cryptocurrency markets, due to a lack of positive catalysts and the decline in retail investor interest.
In April, the bank noticed sales of both crypto and equity assets by retail investors, leading to an outflow from Bitcoin ETFs.
The cryptocurrency market is facing several winds in the form of increased positions, high Bitcoin prices compared to gold and compared to estimated bitcoin production cost as well as limited venture capital funding. In April, Bitcoin saw a 16% drop, the most significant monthly drop since June 2022.
#crypto #profit #market #bitcoin #JPMorgan
JPMorgan, one of the leading banks on Wall Street, plans to keep its cautious stance on the cryptocurrency markets, due to a lack of positive catalysts and the decline in retail investor interest.
In April, the bank noticed sales of both crypto and equity assets by retail investors, leading to an outflow from Bitcoin ETFs.
The cryptocurrency market is facing several winds in the form of increased positions, high Bitcoin prices compared to gold and compared to estimated bitcoin production cost as well as limited venture capital funding. In April, Bitcoin saw a 16% drop, the most significant monthly drop since June 2022.
#crypto #profit #market #bitcoin #JPMorgan
Bitcoin Below $60K Could Trigger 'Panic' Selling, Crypto Analyst Says
One trader said recent declines are likely related to miners' asset sell-offs and fears of tighter regulation of cryptocurrencies.
One firm said short-term bitcoin holders, who have historically influenced market trends, might play a significant role in the coming months😏.
BTC briefly jumped to over $63,000 in European morning hours on Monday, jolting alternative and major tokens. Ether (ETH), Solana’s SOL and dogecoin (DOGE) 3% in the past 24 hours, with most gains coming after BTC’s rise😮.
TON, the token of the Tonchain blockchain closely related to the messaging service Telegram, rose 7%, leading the jump among majors.
#bitcoin #TON #DOGE #Crypto
One trader said recent declines are likely related to miners' asset sell-offs and fears of tighter regulation of cryptocurrencies.
One firm said short-term bitcoin holders, who have historically influenced market trends, might play a significant role in the coming months😏.
BTC briefly jumped to over $63,000 in European morning hours on Monday, jolting alternative and major tokens. Ether (ETH), Solana’s SOL and dogecoin (DOGE) 3% in the past 24 hours, with most gains coming after BTC’s rise😮.
TON, the token of the Tonchain blockchain closely related to the messaging service Telegram, rose 7%, leading the jump among majors.
#bitcoin #TON #DOGE #Crypto
US presidential candidate Donald Trump has begun accepting donations for her election campaign in cryptocurrency.
#crypto_donate
#crypto_donate