JPMorgan
Is Bitcoin Undervalued or Could It Trend Lower?
As bitcoin rebounds to above $32K after dipping below the critical $30K level, could it head towards another new low? MarketGauge Group’s Michele Schneider shares her bullish outlook on bitcoin, saying “anything could go lower… [but] it does definitely appear undervalued.”
JPMorgan's Retail Customers Can Now Tap Crypto – Just Not Directly
JPMorgan will let wealth management clients invest in Grayscale and Osprey crypto trusts.
Survey: Most Salvadorans Skeptical of Bitcoin as Legal Tender
JPMorgan is casting doubt on El Salvador adopting bitcoin as its legal tender, saying there is widespread skepticism and hesitancy in the country regarding bitcoin as a medium of exchange in a new survey. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
France Tests CBDC Flows With Singapore Using Automated Liquidity Pool
Running on JPMorgan’s Onyx blockchain, it was the first cross-border CBDC transaction to use automated-market-making smart contracts.
Kraken Casts More Doubt on JPMorgan Call Over Grayscale Bitcoin Trust ‘Unlocks’
Kraken is disputing the premise that a wave of GBTC shares hitting the secondary market will drive the price of bitcoin lower.
Investors Cashing Out of Grayscale Bitcoin Trust Might Bring Market Boost
Investors who locked in borrowed coins will need to repurchase those to repay the loan, cryptocurrency pundits say.
Why JPMorgan Analysts Are Bearish on Bitcoin
While some observers say bitcoin's price has bottomed out, analysts at JPMorgan remain bearish, identifying the impending unlocking of shares in the Grayscale Bitcoin Trust (GBTC) purchased in January as a source of downside risk to the cryptocurrency. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Grayscale 'Unlockings' Poses Downside Risk to Bitcoin Price, JPMorgan Says
Bitcoin Trust shares bought in January are unlocked next month, and the incentive to reinvest is relatively low.
Goldman Sachs Taps JPMorgan's Private Blockchain for Repo Trade: Report
“We firmly think this will change the nature of the intraday marketplace,” said Mathew McDermott, head of digital assets for Goldman.
Bitcoin Futures 'Backwardation' Points to Weak Institutional Demand: JPMorgan
It's another sign of bitcoin's bearish trend.
