JPMorgan | ForkLog

ForkLog 56 21.10.2024

Public Miners’ Share of Bitcoin Hashrate Reaches Record 28.9%

The hashrate of fourteen US-listed mining companies reached 28.9% of the total in October, according to data from JPMorgan, as reported by CoinDesk. Since the beginning of the year, firms tracked by the bank have increased this metric by approximately 70% annually, from 114 EH/s to 194 EH/s, while the overall computational power grew by […]

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ForkLog 6 16.10.2024

JPMorgan Identifies Cryptocurrency Growth Drivers for Year-End

The potential return of Donald Trump to the U.S. presidency and the need for a hedge against economic instability create favorable prospects for Bitcoin in 2025, according to JPMorgan, as reported by The Block. Analysts suggest that amid rising geopolitical tensions and the upcoming U.S. elections, speculative institutional investors may consider gold and the leading […]

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ForkLog 5 07.10.2024

JPMorgan Analysts Identify Key Drivers for Bitcoin and Ethereum Growth

JPMorgan experts have pinpointed several “critically important” factors that could influence the cryptocurrency market in the coming months, reports The Block. The report examines technical, geopolitical, and structural aspects, as well as seasonal trends—particularly the Uptober effect. Special attention is given to the reduction of the Fed’s interest rate, Bitcoin-based exchange-traded funds (ETFs), and the […]

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ForkLog 5 03.10.2024

JPMorgan Predicts Rising Demand for Gold and Bitcoin

Global tensions and the upcoming presidential elections in the United States are driving investors towards gold and Bitcoin as safe-haven assets. This is reported by The Block, citing opinions from JPMorgan analysts.

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ForkLog 29 18.09.2024

Jamie Dimon: JPMorgan Among Leading Blockchain Users

JPMorgan Chase is among the largest users of blockchain technology, according to its CEO Jamie Dimon, reports The Block. “It’s just a database. […] A great way to exchange them and build trust between banks and clients. We’ve been talking about blockchain for 12 years, but little has happened—it’s not like AI,” explained the executive […]

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ForkLog 7 16.09.2024

JPMorgan Predicts Slowdown in Bitcoin Hashrate Growth

Since the beginning of September, the hashrate of the leading cryptocurrency has increased by 4%, returning to pre-halving peaks. However, miners’ revenues remain at historic lows. Analysts at JPMorgan highlighted this issue, as reported by CoinDesk. Bitcoin hashrate. Data: Blockchain.com. Experts also noted that the hashprice fell by 2% this month and by 50% since […]

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ForkLog 7 23.08.2024

JPMorgan Assesses US Bitcoin Mining Market at $74 Billion

The US market for mining the leading cryptocurrency is valued at $74 billion, according to estimates from JPMorgan, reports CoinDesk. This figure corresponds to the value of 1.3 million BTC available for mining at current price levels, the institution explained. The report indicates that block formation revenues over the next four years will amount to […]

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ForkLog 6 08.08.2024

JPMorgan Highlights Institutional Investors’ Role in Bitcoin’s Resilience

Institutional investors have largely maintained their positions in the leading cryptocurrency despite market turbulence, aiding in the rebound of its price, according to JPMorgan, as reported by The Block.

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ForkLog 6 22.07.2024

JPMorgan Questions Bitcoin’s Sustained Growth

The recent rise in cryptocurrency prices is likely tactical and not the start of a prolonged upward trend, according to conclusions drawn by JPMorgan, as reported by The Block. Experts noted that the current bitcoin price significantly exceeds its mining cost (~$43,000) and appears inflated compared to the “fair” price adjusted for volatility relative to […]

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ForkLog 16 27.06.2024

JPMorgan Assesses Impact of Mt.Gox Bitcoin Sales

In July, creditors of Mt.Gox are likely to sell a portion of the returned bitcoins, which will exert pressure on the market, according to analysts at JPMorgan, reports The Block. On June 24, Bitcoin fell below $60,000 following the trustee of the collapsed exchange’s announcement of plans to begin compensation payments in July. The bankruptcy […]

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ForkLog 5 17.06.2024

Public Miners’ Market Capitalisation Hits Record $22.8 Billion

On June 15, the market value of 14 US-listed mining companies tracked by JPMorgan reached an all-time high of $22.8 billion, according to CoinDesk. Analysts noted that in the previous two weeks, the stock prices of nearly all companies in the sample outperformed Bitcoin, as investors reacted positively to news of Core Scientific’s (CORZ) deal […]

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ForkLog 5 14.06.2024

Gary Gensler Predicts Timeline for Ethereum-ETF S-1 Approvals

The SEC head suggested the registration of S-1 forms for an ETH-ETF could occur by summer’s end. The absence of staking in an Ethereum-based ETF may limit institutional demand for the product. JPMorgan expressed doubts about sustaining high inflows into BTC-ETFs. Approval of the S-1 for an Ethereum-ETF is possible “by the end of this […]

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