JPMorgan | ForkLog

ForkLog 10 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 8 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 17 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 11 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 8 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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ForkLog 14 11.06.2024

‘Bitcoin is a pyramid scheme,’ they said. How banks now finance crypto

Traditional financial institutions have long and successfully invested in the crypto market. Despite foundational ideological contradictions, banks have done much to foster the digital economy and, lately, have publicly put resources into decentralised projects, individual coins and trading instruments. ForkLog recalls how classical financial institutions not only helped to shape the crypto market but also […]

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ForkLog 6 01.06.2024

Ethereum ETF Issuers Submit Revised Applications to SEC

Franklin Templeton, VanEck, and Invesco Galaxy have submitted updated S-1 forms to the SEC. 21Shares has revised its ETH-ETF application, excluding ARK Invest. JPMorgan analysts predict low demand for ETH-ETF. Companies Franklin Templeton, VanEck, and Invesco Galaxy have submitted updated S-1 forms to the SEC for the registration of spot Ethereum-ETFs following a request from […]

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ForkLog 9 02.05.2024

JPMorgan Maintains Cautious Outlook on Cryptocurrency Prospects

Analysts at JPMorgan maintain a “cautious” stance on cryptocurrencies in the near term. They cited a lack of drivers and declining interest from retail investors, reports The Block. “Given also three risk factors (elevated positioning, the high price of the first cryptocurrency relative to the value of gold and the estimated cost of bitcoin mining, […]

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ForkLog 9 18.04.2024

JPMorgan Analysts Predict Bitcoin Decline Post-Halving

With the market still in an overbought state, there is a possibility of a correction in the price of the leading cryptocurrency following the reduction in miners’ rewards. This is reported by CoinDesk, citing a JPMorgan report. Analysts reached this conclusion based on an analysis of open interest in bitcoin futures. Furthermore, the asset’s price […]

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ForkLog 6 07.04.2024

JPMorgan Predicts SEC Approval of Spot Ethereum ETFs

The U.S. Securities and Exchange Commission (SEC) is expected to eventually approve spot ETFs based on the second-largest cryptocurrency by market capitalization. This was stated by JPMorgan analyst Nikolaos Panigirtzoglou in a conversation with The Block. “If there is no approval of spot ETH-ETFs by May, we anticipate a legal process. It is most likely […]

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ForkLog 9 22.03.2024

JPMorgan Analysts Warn Bitcoin is Overbought

Despite Bitcoin’s recent correction, the asset remains in “overbought territory,” according to analysts at JPMorgan, reports The Block. The experts referred to two futures-related metrics, which suggest that the market prices of the digital gold are inflated relative to its fair value. “Both indicators point to Bitcoin remaining in overbought territory, despite the sharp correction […]

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ForkLog 9 15.03.2024

JPMorgan Analysts Attribute Bitcoin Rally to Speculative Investors

The recent surge in the cryptocurrency market is primarily driven by retail and speculative institutional investors purchasing both gold and bitcoin futures, according to analysts at JPMorgan. This was reported by The Block, citing the company’s report. Since the launch in early January, spot bitcoin exchange-traded funds (ETFs) have seen significant inflows, while gold ETFs […]

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