Following a month-long consolidation period, the buying pressure behind Bitcoin is finally being reflected on prices. The flagship cryptocurrency has broken through a crucial resistance level, threatening to rise toward $70,000. Institutional Demand Skyrockets...
JPMorgan has released a report on the futures and derivatives market around bitcoin, providing insight and bullish sentiment.In a report titled “Why Is The Bitcoin Futures Curve So Steep?” JPMorgan Chase analysts examined the growing futures and derivatives market surrounding bitcoin, provided insights as to why the contango is so steep and explored...
The financial giant is gradually becoming more bullish on Bitcoin and institutional adoption.JPMorgan, in an email note released to clients on Thursday, cited decreasing Bitcoin volatility as a positive for institutional interest in the asset. In an article covering the...
The explosive growth of Bitcoin and the overall crypto market has swayed some of the biggest Wall Street banking giants in recent times. As per the latest report by Forbes, Wall Street banking giant JPMorgan is preparing for...
The basket will include companies like MicroStrategy, Square, and PayPal.
The Bank surveyed nearly 3,400 institutional investors recently about their views on cryptocurrencies.
"If any issues arise that could affect the willingness or ability of both domestic and foreign investors to use USDT, the most likely result would be a severe liquidity shock to the broader cryptocurrency market," the report says.
The world’s biggest custodian bank beats rivals JPMorgan and Citi to the punch.
The GameStop (NYSE: GME) stock rally last week took Wall Street for a ride, especially the hedge funds that shorted the GME stock heavily. Well, the world thinks that it was only a community of retail investors on Reddit dubbed r/WallStreetBets that...
Bitcoin trades are more likely to unwind their futures position citing a slowdown in Bitcoin institutional participation, says JPMorgan! Just as Bitcoin (BTC) continues to face downward pressure over the last week, the...
Bitcoin's correlation with traditional markets could "erode" its "diversification value over time."
A bearish outlook may be triggered if bitcoin doesn't claw its way back over $40,000, the analysts said.
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