JPMorgan Analysts Warns About Capped Upside for Crypto Market as Stablecoins’ Market Share Drops

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Analysts at behemoth financial institution JPMorgan Chase & Co. warned in a published note last week that the cryptocurrency market has a capped upside. JPM asserted that the current share of market value stablecoins hold is a clear indicator of “potential rallies or declines.” Back when stablecoins controlled 10% of the total crypto market valuation, […]

Bitcoin Price Analysis: JPM Analysts Propose Reason Behind Recent Rally

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JP Morgan Chase analysts, led by Nikolaos Panigirtzoglou, published a research work detailing the reason behind the recent Bitcoin (BTC) boom. The research explained that the hype surrounding the first-ever approved Bitcoin futures ETF in the US is not responsible for the rally, instead inflation is driving BTC to record highs. ProShares Bitcoin Strategy ETF, […]

JP Morgan Executive Claims Ethereum is Overvalued

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The Managing Director of multinational bank JP Morgan Chase & Co., Nikolaos Panigirtzoglou, recently revealed that he believes Ethereum (ETH) is an overvalued digital currency. After conducting several evaluation metrics of the network activity, he proposed a figure that best translated the value of the Ether. Panigirtzoglou and his team placed this estimate at $1,500, […]

Bitcoin to End Bear Run Once Dominance Crosses 50%: JP Morgan Analyst

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Lead JP Morgan analyst Nikolaos Panigirtzoglou has commented on when he expects the prevailing Bitcoin (BTC) bear run to end. In a recent interview with CNBC, the analyst asserted that Bitcoin would reenter a bull market once its market dominance exceeds 50%. Panigirtzoglou noted that: “A healthy number there, in terms of the share of […]

JP Morgan Announces Job Opening for Ethereum and Blockchain Developers

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After several years of opposing cryptocurrencies and even calling it a fraud at some point, behemoth investment bank JP Morgan Chase & Co. has announced that it is hiring developers for Ethereum and blockchain development. The job listing was published on Glassdoor, a renowned US job and recruitment website. The firm noted that it is […]