Bitcoin to stay under pressure at the final time, JPMORGAN warns
JPMORGAN does not expect a big move larger in the crypt in the near future. Cryptocurrencies, including Bitcoin tore the week starts after the social media update by President Donald Trump on a widely expected Bitcoin Stock, which became a “strategic cryptic reserve”. You quickly turned around as part of a wider sale in tariff concern, but it is also a rock scepticism in connection with CRIPTO Reserve now that the market had a time to try, JPMorgan’s Nikolaos Panigirtzoglou on Wednesday. “All in all, we believe that the cropto market will probably remain under pressure on a close expression,” he said. “Not only there is skepticism about congress approval for such a strategic crypto reserves, but also the feasibility of including smaller tokens outside Bitcoin and (Etra) given their higher risk and instability.” Panigirtzoglou emphasized that Bitcoin reserves failed to get a traction at the state level, with Montana, northern Dakot, South Dakot and Vioming who refuse proposals for concern about risks and volatility. The central bank of Switzerland and Poland also refused an idea, noticed. Given the market remain absently a crypto-specific catalyst, the demand for Bitcoin has weakened, also pointed out. “Institutional investors also reduced their views due to the lack of positive catalysts and due to momentum for momentum,” he said. “Our future positions for Bitcoin and (ether) based on open interest in CME Futures contracts, already modestly … suggest that there is room for further position unwinding, especially now that traders launched short positions.” Another sign of weaker demand is recent along $ 2 billion, which has issued a strategy, known as microstrategi, said Panigirtzoglo. Since elections, strategy and Bitcoin miners, such as Mara funds set large amounts of capital by issuing capital and debt, which contributed to respecting Bitcoin price. But now the conditions of these offers “increasingly invested in the past month or something,” he explained “, which indicates that investors become more careful and more selective. “
(TagstotRanslate) BitCoin / USD Coin Metrics (T) Stock Exchange
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2025-03-06 18:50:00
