JPMorgan anticipates Bitcoin's rally before the halving, noting its current surge and limited upside potential. They highlight the flow of Bitcoin and upcoming catalysts while expressing concerns about Tether and potential regulatory oversight.
Huang BoThe correlation was as high as 0.84 in January, according to JPMorgan estimates, but has slowed since then.
JinseFinanceGrayscale's Bitcoin ETF sees a slowdown in outflows, with $15 million net sales on Friday. Concerns over GBTC's 1.5% high fee may drive investors toward lower-fee alternatives as Bitcoin ETF hype normalizes.
Huang BoJPMorgan analysts downgraded Coinbase to underweight on Tuesday.
JinseFinanceIn reference to the catalyst, specifically Bitcoin ETFs, analysts fear that the momentum driving the crypto ecosystem out of a prolonged downturn may not meet market expectations.
AlexThe cryptocurrency market faces uncertainties as the bitcoin ETF catalyst loses its previous luster, impacting major players like Coinbase. Investors should tread carefully amidst potential market deflation.
SanyaWith JPMorgan as their authorized participant, the intermediary firm, the ETF can first be realized by converting Bitcoin into cash and vice versa.
JinseFinanceJPMorgan's CEO faces sharp criticism from the crypto community as he assumes a role in a Bitcoin ETF, raising eyebrows amid his outspoken anti-crypto sentiments.
BrianThe event will double the bitcoin production cost to around $40,000, creating a positive psychological effect, the report said.
CoindeskEthereum futures are currently trading at a premium as investors switch from bitcoin-based products to bitcoin-based products.
Cointelegraph