Bitcoin $97,291.55 price It is struggling to exceed $ 98,400, and the fact that the daily closing is above this level may trigger a little bit of subcoin mobility. Investors lost the risk appetite significantly after the frequent decreases, while the nonsense of hundreds of thousands of new toks that circulate every day is finally emphasized. So what’s going on?
JPMorgan and Crypto Coins
JPM Analysts CME BTC And Eth He wrote that the downward risk in the crypto has become evident due to the weakening of the institutional demand in the futures transactions. However, we did not see huge movements in Altcoins when the volume here was breaking records and in the days when it was high. So weakening may not be so bad.
The total value of crypto currencies, which made its new peak at $ 3.7 trillion on December 17, has been hosting the ongoing correction for weeks. JPM analysts believe that the volume loss on the CME side can trigger withdrawal similar to those in June and July.
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Fathers traded with positive premiums for the price of volume for the price of volume can be resolved back to a price and even negative premiums. Since JPM analysts do not expect Trump’s crypto actions to take place before the second half of the year, the decrease in demand is normal. It will be useful to monitor the demand on the ETF side in this process.
First Spot XRP ETF and other developments
One of the important developments in the last 24 hours of Hashdex’s Brazilian SEC XRP ETF was approval. It is aimed to start the world’s first XRP ETF on the B3 stock market. The date of the launch has not yet been clear, and with the change of the US SEC administration, players like 21shares, Bitwise and Grayscale took action. More than 33 Altcoin ETF processes continue and the XRP Coin is one of the most applicable crypto currencies.
Metaplanet 6.6 million dollars more BTC He took the amount of assets in his hand to 2100 BTC. This is now possible to see that more publicly -open company is encouraged to create crypto reserves, as it turns into a stock marketing story with MSTR’s strategy.
Next week, at the end of the month, the US PCE data will come and today we have seen some important details in the statements of the Fed members. From here, PCE may not be so bad and this may support markets next week. On the other hand, some Fed members say that the balance sheet narrowing should now be punctuated. This shows that the policy change can be made before the market expectation.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
