JPMorgan

JPMorgan’s cautious stance on digital assets underscores concerns over the fading retail interest and significant outflows from U.S. spot Bitcoin ETFs. Bitcoin options data suggests a potential summer slowdown in the cryptocurrency market, with traders anticipating low volatility. Wall Street banking giant JPMorgan stated that it is keeping a cautious stand on digital assets in the near term amid the lack of any stimulus and the retail interest disappearing in the short term. JPMorgan also added that retail investors were…

Two of America’s largest banks are urging crypto investors to remain cautious around the upcoming Bitcoin halving, which analysts believe may not play out much like prior cycles. In a Wednesday report, JPMorgan predicted that Bitcoin’s price will not rise following the event, and is more likely to resume declines that began earlier this month. Could The Halving Be Bearish For Bitcoin? The bank’s outlook remains consistent with its relatively bearish forecasts throughout the year, refusing to be swayed by…

BlackRock’s IBIT ETF is setting the pace in the Bitcoin ETF sector, hinting at a broader adoption among institutional investors. JPMorgan’s potential entry into Bitcoin could hinge on evolving market dynamics and increasing interest in cryptocurrency investment strategies. BlackRock’s IBIT ETF has swiftly emerged as a leader in the Bitcoin ETF arena, drawing substantial attention from about 30 institutional investors, which accounts for only 0.2% of the outstanding shares. Despite appearing minimal, Bloomberg’s ETF expert Eric Balchunas suggests this is…

Though Ethereum is currently the undisputed king of Defi, its dominance may not be absolute. Multinational investment bank JP Morgan recently argued that the network will face stiff competition from other chains in the coming years. They say Ethereum’s scaling difficulties are a primary market vulnerability, and that its development solutions may arrive too late. Hurry Up, Ethereum! Nikolaos Panigirtzoglou – analyst for JP Morgan – published his opinion on the matter in a note on Wednesday. He acknowledges sharding…

Bitcoin is one of the most valuable assets and commodities in the world. Currently, its value keeps fluctuating between $62,000 and $63,000. Also, it recently went up to an all-time high of $69,000. However, if you want to invest in Bitcoin, you have to know more than just the asset's price. Therefore, you have to conduct a market analysis and research key trends. This way, you should predict whether the most popular cryptocurrency will increase or decrease in value. Bitcoin…

Jamie Dimon, CEO of JPMorgan, recently gave an interview to discuss the state of the global economy. When asked about Bitcoin, he expresses total indifference towards the technology, regulation, or price. However, he also acknowledges that it could rise by 1000% within half a decade. Jamie Dimon: Economy is Fine, Bitcoin is an Afterthought While speaking with the Times of India, the JPMorgan CEO touched upon America's default risks, national inflation rates, and his feelings around the crypto regulatory debate. Regarding the economy,…

JPMorgan has issued its financial advisors permission to give all its wealth-management-pp clients access to cryptocurrency funds. This move makes it the first large bank to expand crypto trading access beyond just ultra-wealthy clients. JPMorgan's advisors can execute only "unsolicited" crypto trades. Advisors cannot recommend the products but can buy or sell on behalf of a client's request. The bank informed advisors that they can now take orders to trade five cryptocurrency products. They include; Grayscale's Bitcoin Trust, Bitcoin Cash…

The crypto market bull run has led to an increased institutional interest in crypto-assets. However, a recent survey from American bank JPMorgan reveals that the current surge from institutions is not as widespread as initially thought.   78% of Institutions have no interest in cryptocurrencies  US news outlet business insider revealed this development in a report on Wednesday. According to the report, JPMorgan surveyed more than 3,4000 investors representing over 1,500 institutions globally.   The report discovered that 89% of respondents revealed that their…

The oldest bank in India, State Bank of India (SBI), has partnered with US bank, JPMorgan, to leverage its blockchain platform to speed up international transactions. This is the first of such partnerships in India and shows the growing adoption of blockchain-based solutions by banks.  SBI to Integrate JPMorgan Blockchain Solution for Cross-border Payments The development was revealed today by local news outlet the Indiatimes. According to the report, the partnership will offer SBI immense benefits. One of which is…