Crypto Market Sell-Off Was Driven by Retail Investors, JPMorgan Says
Crypto markets have seen significant profit taking in recent weeks with retail investors playing a bigger role than institutions, the report said.
JPMorgan
JPMorgan CEO Jamie Dimon’s Annual Letter: Interest Rates Could Go Far Higher Than Many Expect (Full Text)
Dimon believes investors are being overly optimistic with respect to the chances for an economic soft landing.
Ether Could Avoid Designation as a Security With Centralization Risk Easing, JPMorgan Says
Staking platform Lido’s share in staked ether has continued to fall, reducing concerns about concentration in the Ethereum network, the report said.
Bitcoin Could Slide to $42K After Halving Hype Subsides, JPMorgan Says
The bitcoin production cost has historically acted as a lower boundary to the cryptocurrency’s price, the report said.
Bitcoin ETF Price/Flow Correlation is Declining: JPMorgan
The price of bitcoin (BTC) has not been moving as closely in relation to flows in and out of the spot ETFs as it previously did, according to JPMorgan.
Retail Investors Were Likely Behind The Crypto Market Rally in February, JPMorgan Says
Increased retail activity comes ahead of the three main catalysts in the coming months: the bitcoin halving, the Dencun upgrade of the Ethereum blockchain and the potential approval of spot ether ETFs, the report said.
JPMorgan Survey Shows Over Half of Institutional Traders Don’t Want Crypto Exposure
The bank’s survey of over 4,000 traders found that 78% of the participants do not plan to trade cryptocurrencies, while just 12% plan to do so in the next five years.
Crypto Market Maker GSR Appoints Former JPMorgan Executive as Head of Trading
The new hire happens as digital asset markets are maturing and have become increasingly intertwined with traditional finance.
Grayscale’s GBTC Profit Taking Likely Over, Easing Bitcoin Selling Pressure: JPMorgan
Around $1.3 billion has shifted from GBTC to new spot bitcoin ETFs, equivalent to a monthly outflow of about $3 billion per month, the bank said in a report.
No More Than 50% Chance of Spot Ether ETF Approval By May, JPMorgan Says
Lawsuits against crypto exchanges offering staking services for proof-of-stake blockchains, including Ethereum, make approval of a spot ether ETF more challenging until these cases are resolved, the investment bank said.