Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

JPMorgan Waves Red Flag: Urges Caution As Crypto Market Teeters on Edge

Share This Post

In recent evaluations by JPMorgan analysts, cryptocurrencies’ future appears to be uncertain. Despite the sector’s rapid expansion and increasing mainstream acceptance, the financial giant advises a cautious approach in the short term.

This conservative stance stems from “diminishing retail interest” and a “scarcity of positive market catalysts.”

Analyzing The Shifts: From Enthusiasm To Caution

JPMorgan’s scrutiny reveals a marked shift in market dynamics. Over recent weeks, significant selling and profit-taking activities have been observed, particularly from retail investors who seem to be retreating from crypto and equity markets.

According to JPMorgan analysts, this trend is corroborated by a notable decrease in net inflows to equity funds, turning negative for the first time since the bullish early quarter.

The analysis further points out that while spot Bitcoin exchange-traded funds (ETFs) have experienced outflows, retail enthusiasm for stocks has also fallen.

The caution advised by JPMorgan pivots around several critical observations:

• Market Exhaustion: The crypto markets are struggling with elevated positioning, Bitcoin’s high valuation compared to gold, and its production costs.

• Retail Deterioration: Retail investor interest is clearly waning, mirrored by reduced inflows into related assets.

• Institutional Hesitation: Institutional players, including commodity trading advisors and quantitative funds, are taking profits on their previously bullish positions, though at a scale lesser than anticipated.

The analysts noted:

With a lack of positive catalysts, with the retail impulse dissipating and with the three headwinds mentioned previously in our publication (elevated positioning, high bitcoin prices vs. gold and vs. the estimated bitcoin production cost, subdued crypto VC funding) still in place, we maintain a cautious stance on crypto markets over the near term.

Crypto Analyst Predictions Diverge

As JPMorgan adopts a conservative approach to cryptocurrency, other analysts provide more detailed forecasts, particularly for Bitcoin.

Michael van de Poppe, a well-regarded figure in crypto analysis, has suggested that Bitcoin might be nearing the conclusion of its corrective phase, indicating possible upward movements following the establishment of a price floor.

Conversely, Peter Schiff, a known Bitcoin skeptic and gold advocate, has entered the conversation about Bitcoin’s valuation, forecasting a potential decrease in the near term and setting his target at the $54,000 mark.

Meanwhile, despite a rough 7.8% decline over the past week, Bitcoin has shown signs of resilience. Recently, the cryptocurrency has experienced a modest recovery, increasing by 1.8% in a single day, bringing its price to $58,458.

BTC price chart on TradingView amid crypto news

Featured image from Unsplash, Chart from TradingView

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Ethereum Price Risks Further Crash To $2,350 With Lower Lows Formation

The Ethereum price has ranged low now after making a new monthly high back on Tuesday This increase had come as a much-needed relief for the crypto market, which had watched the ETH price struggled

Worldcoin Price Prediction 2025, 2026 – 2030: Will WLD Price Reach $10?

The post Worldcoin Price Prediction 2025, 2026 – 2030: Will WLD Price Reach $10 appeared first on Coinpedia Fintech News Story Highlights The live price of the WLD token is Price predictions

DOGE Climbs to $0.2277 in a Week, But Ruvi AI (RUVI) Redefines Investing by Offering 100% Early Bonus and 20,000% Growth Potential

The post DOGE Climbs to $02277 in a Week, But Ruvi AI (RUVI) Redefines Investing by Offering 100% Early Bonus and 20,000% Growth Potential appeared first on Coinpedia Fintech News Dogecoin has made

Bitcoin Cash Price Prediction 2025, 2026 – 2030: Will BCH Hit $1000?

The post Bitcoin Cash Price Prediction 2025, 2026 – 2030: Will BCH Hit $1000 appeared first on Coinpedia Fintech News Story Highlights BCH price currently at $39195 with a market cap of $787

Bitcoin SV Price Prediction 2025, 2026-2030: Will BSV Price Hit $100?

The post Bitcoin SV Price Prediction 2025, 2026-2030: Will BSV Price Hit $100 appeared first on Coinpedia Fintech News Story Highlights Market sentiment remains cautious as BSV struggles to gain

Trump-Linked Stablecoin USD1 Goes Cross-Chain with Chainlink CCIP

The post Trump-Linked Stablecoin USD1 Goes Cross-Chain with Chainlink CCIP appeared first on Coinpedia Fintech News World Liberty Financial’s USD1 stablecoin, pegged to the US dollar, has taken a