Stock market slump trickles into today’s Bitcoin and altcoin correction
What’s behind the correction in the US stock market and how might it continue to negatively impact cryptocurrencies? Go to Source
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Bitcoin futures enter backwardation for the first time in a year
Risk-averse BTC derivatives traders throw in the towel after futures contracts trade below the spot market price. Go to Source Powered by WPeMatico
JPMorgan Warns of Bitcoin Correction, Describing BTC as Overbought
JPMorgan’s analysts have warned about the odds of a bitcoin correction which would increase if the flows into Grayscale’s bitcoin trust slow significantly. The analysts indicated that bitcoin is “overbought.” JPMorgan Reveals Bitcoin’s Outlook The analysts at JPMorgan Chase & Co. gave their bitcoin prediction in a note on Friday. They explained that flows into … Read more
JPMorgan: Bitcoin’s Market Structure More Resilient Than Currencies, Equities, Treasuries and Gold
JPMorgan’s strategists have reportedly found bitcoin’s market structure to be more resilient than those of currencies, equities, Treasuries, and gold. In a new report on bitcoin’s stress test, JPMorgan wrote that cryptocurrencies have “longevity as an asset class.” In a new report entitled “Cryptocurrency takes its first stress test: Digital gold, pyrite, or something in … Read more
Trump Pressures Fed for More Rate Cuts as Mega Banks Drain the Balance Sheet
U.S. President Donald Trump is pressuring the central bank to cut interest rates even further as a spike in oil prices has offset the Federal Reserve’s ‘normalization’ tactics like rate-cutting and overnight repos. Additionally, the mega bank JP Morgan Chase (JPM) is being blamed for the lack of liquidity in the repo market’s cash reserves, … Read more
