• Latest
  • Trending
JPMorgan Issues Stark Bitcoin Warning As Ethereum, Binance’s BNB, Cardano And Dogecoin Slide

JPMorgan Issues Stark Bitcoin Warning As Ethereum, Binance’s BNB, Cardano And Dogecoin Slide

June 14, 2021
Bitcoin Price Today Rises Near $48,000; Ether, Cardano Slightly Up, Know Crypto Rates

Bitcoin Price Today Rises Near $48,000; Ether, Cardano Slightly Up, Know Crypto Rates

January 5, 2022
BitYard Integrates 80+ Chainlink Price Feeds for Enhanced Price Accuracy and Stability – Press release Bitcoin News

BitYard Integrates 80+ Chainlink Price Feeds for Enhanced Price Accuracy and Stability – Press release Bitcoin News

December 20, 2021
Here’s what global CEO’s think about cryptocurrency

Millennial millionaires plan to make more cryptocurrency investments in 2022: Survey

December 20, 2021
Tesla Motors, Inc. (NASDAQ:TSLA), Dogecoin – United States Dollar (CRYPTO:$DOGE) – Elon Musk Says This Is How Much He Would Pay In Taxes This Year

Tesla Motors, Inc. (NASDAQ:TSLA), Dogecoin – United States Dollar (CRYPTO:$DOGE) – Elon Musk Says This Is How Much He Would Pay In Taxes This Year

December 20, 2021
Former Argentina President Calls Ethereum Most Innovative Technology

Former Argentina President Calls Ethereum Most Innovative Technology

December 20, 2021
DeFi protocol Grim Finance lost $30M in 5x reentrancy hack

DeFi protocol Grim Finance lost $30M in 5x reentrancy hack

December 20, 2021
Need to Explain #Litecoin at #Thanksgiving? – Latest Tweet by Litecoin

@LinkSemper – Latest Tweet by Litecoin

December 20, 2021
BREAKOUT COMNG SOON! – RIPPLE XRP PRICE PREDICTION! – RIPPLE XRP 2021 – RIPPLE ANALYSIS

BREAKOUT COMNG SOON! – RIPPLE XRP PRICE PREDICTION! – RIPPLE XRP 2021 – RIPPLE ANALYSIS

December 20, 2021
An LTC Move Back to $150 Should Support ETH and XRP

An LTC Move Back to $150 Should Support ETH and XRP

December 20, 2021
Avalanche eyes 60% rally as AVAX price breaks out of bull flag

Avalanche eyes 60% rally as AVAX price breaks out of bull flag

December 20, 2021
Travel Co Travala.com Accepts Bitcoin Payments

Travel Co Travala.com Accepts Bitcoin Payments

December 20, 2021
Puerto Rico plans to combat corruption with blockchain

Puerto Rico plans to combat corruption with blockchain

December 20, 2021
Whales Control 94% of All ADA Supply | Only 10% of Wealthiest Cardano Addresses

Whales Control 94% of All ADA Supply | Only 10% of Wealthiest Cardano Addresses

December 20, 2021
Breaking down Resistance at $48,500 Remains Key for the Bitcoin (BTC) Bulls

Breaking down Resistance at $48,500 Remains Key for the Bitcoin (BTC) Bulls

December 20, 2021
City employees could see cryptocurrency payroll conversion options next year, first in nation

City employees could see cryptocurrency payroll conversion options next year, first in nation

December 20, 2021
Sunday, August 14, 2022
The Crypto Dirt
  • Home
  • Cryptocurrency
  • Blockchain
  • DeFi
  • NFT
  • Bitcoin
  • Ethereum
  • Altcoins
    • Cardano
    • XRP
    • Litecoin
    • Chainlink
  • Shit Coins
    • Dogecoin
  • Exchanges
No Result
View All Result
No Result
View All Result

JPMorgan Issues Stark Bitcoin Warning As Ethereum, Binance’s BNB, Cardano And Dogecoin Slide

by TheCryptoDirt.com
June 14, 2021
in Ethereum
0

[ad_1]

Bitcoin and cryptocurrency costs have struggled over the last month, with round $1 trillion wiped from the worth of the mixed crypto market since it peaked at around $2.5 trillion in mid-May.

The bitcoin worth fell to only over $30,000 per bitcoin this week earlier than rebounding due to El Salvador’s plans to undertake bitcoin as its official foreign money alongside the U.S. greenback. Elsewhere, the opposite prime 5 cryptocurrencies by worth—ethereum, Binance’s BNB, cardano, and dogecoin—have additionally misplaced floor, every falling between 5% and 10% this week.

Now, regardless of the bitcoin worth bouncing again towards $40,000 over the past couple of days, analysts at Wall Road big JPMorgan
JPM
have warned the “backwardation” over latest weeks factors to a coming “bear market.”

MORE FROM FORBESMajor Trump Fundraiser Calls For A Radical Overhaul Of The U.S. Voting System Using BlockchainBy Billy Bambrough

bitcoin, bitcoin price, ethereum, ethereum price, Binance, BNB, cardano, dogecoin, dogecoin price, crypto, JPMorgan, image

The bitcoin worth has struggled since a sell-off in mid-April ended the massive early 2021 bitcoin and … [+] crypto bull market, with smaller cash ethereum, Binance’s BNB, cardano and dogecoin additionally falling again.

2018 Chesnot

“We consider that the return to backwardation in latest weeks has been a unfavourable sign pointing to a bear market,” JPMorgan strategists led by Nikolaos Panigirtzoglou wrote in a be aware that was first reported by monetary newswire Bloomberg, warning the bitcoin price crash from over $50,000 per bitcoin in May is an “uncommon improvement and a mirrored image of how weak bitcoin demand is in the meanwhile from institutional buyers.”

The analysts pointed to weak point within the bitcoin futures market they are saying echos the 2018 bear market that was branded crypto winter for its devastating impact on cryptocurrencies throughout the board.

YOU MAY ALSO LIKE

Former Argentina President Calls Ethereum Most Innovative Technology

Rarible integrates with Tezos blockchain and launches own NFT collection

The bitcoin and crypto worth growth over latest months that is seen the likes of ethereum, cardano, Binance’s BNB and even “joke” bitcoin rival dogecoin surge many 1000’s of % has been pushed by a mix of long-awaited institutional adoption and retail investor fear-of-missing-out (FOMO).

As merchants and buyers piled into these so-called “altcoins,” bitcoin’s crypto market dominance—a measure of how weighted the general cryptocurrency market is towards bitcoin—has fallen to only over 40%, down from round 70% in the beginning of the yr.

Bitcoin’s dominance might have to return to over 50% earlier than the bull market returns, in response to JPMorgan’s evaluation. Bitcoin’s dominance dipped underneath 50% in late April for the primary time since July 2018, in response to crypto worth information from CoinMarketCap.

MORE FROM FORBESCrypto 2021 Price Prediction: Why Ethereum Is ‘On Track’ To Surpass Bitcoin’s Market CapBy Billy Bambrough

bitcoin, bitcoin price, ethereum, ethereum price, Binance, BNB, cardano, dogecoin, dogecoin price, crypto, JPMorgan, chart

Regardless of a flood of optimistic bitcoin information, the bitcoin worth has struggled over the past month.

Coinbase

The bitcoin worth bull run was halted in its tracks by Tesla
TSLA
billionaire in Could when he rowed again plans to permit Tesla prospects to make purchases with bitcoin on account of issues over its eye-watering environmental influence.

The sell-off, sending shockwaves by means of the broader cryptocurrency market and inflicting ethereum to lose half its worth in simply two weeks, was exacerbated by fears of a bitcoin and cryptocurrency crackdown in China.

Nevertheless, some cryptocurrency market watchers suppose the bitcoin worth could also be “nearing a backside.”

“When deep-diving into bitcoin’s market corrections, the -49% plunge in Could marked the sixth largest occasion of this sort, which could possibly be seen as one of many largest month-to-month corrections in historical past,” Lukas Enzersdorfer-Konrad, chief working officer at Austria-based crypto trade Bitpanda, wrote in an emailed be aware.

“With that mentioned, corrections of this magnitude are widespread and needs to be anticipated. Bitcoin completed the month down by 35% and continues to be struggling to discover a new assist zone. With the value down by virtually 50% from its all-time-high, some bullish information means that bitcoin is nearing a backside.”

[ad_2]

Source link

Tags: BinancesBitcoinBNBCardanoDogecoinEthereumissuesJPMorganslideStarkWarning
ShareTweetShare

Search

No Result
View All Result
  • Privacy & Policy
  • About Us

© 2021 The Crypto Dirt  

No Result
View All Result
  • About Us
  • About Us
  • Attribution
  • Contact
  • Contact Us
  • Exchanges
  • Home
  • NFT
  • Privacy & Policy
  • Shit Coins

© 2021 The Crypto Dirt