JPMorgan says Strategy’s bitcoin sales policy adds ‘two-way risk’ to crypto markets
The bank said Strategy’s bitcoin sales policy adds avoidable market uncertainty and should be replaced with equity issuance to build cash reserves.
Bitcoin News
Metaplanet buys another $170 million of bitcoin expanding treasury to 43,000 BTC
The Japanese firm, now the world’s third largest publicly traded bitcoin holder, reported stronger Bitcoin Income Generation revenue.
Bitcoin’s long-term holders have returned to accumulation
Long-term holding wallets have shifted to net accumulation from net distribution, according to Glassnode.
Cantor says bitcoin bear market may be entering final stretch
The bank said in a note bitcoin’s cycle points to a market bottom in the coming months, urging investors to focus on networks with durable value accrual.
Bitcoin breaks above $60,000 after Fed Chair Warsh said inflation risks has come down
The Fed chair reiterated the central bank’s commitment to its 2% inflation target while signaling artificial intelligence could reshape the economy and monetary policy.
Bitcoin’s 52-week correlation with USD/JPY hits -0.90, undercutting ‘carry trade’ theory
Bitcoin’s price has shown an unusually strong negative 52-week correlation with the dollar-yen exchange rate.
Bitcoin under pressure below $60,000 as Japanese yen hits 40-year low against the U.S. dollar
BTC fell in Asia as the Japanese yen tanked to four-decade lows, lifting the dollar higher across the board.
Bitcoin lending is entering a new institutional era, according to Silicon Valley Bank
The bank said bitcoin lending has emerged from the 2022 crypto credit collapse with stronger risk controls, growing institutional participation and a path toward lower borrowing costs.
$4 billion gone. Spot bitcoin ETFs are on track for their worst month on record
Investors have pulled out $4 billion from the U.S.-listed spot bitcoin ETFs in June, the highest outflow on record.
Samson Mow says bitcoin bottom is in despite skepticism from analysts
The bitcoin advocate said his crypto bottom claim is based on the fact that the traditional four-year halving cycle has changed, although several analysts continue to expect further downside.