Ọrụ maka ịzụ ahịa nnomi. Algo anyị na-emepe ma mechie azụmaahịa na-akpaghị aka.
L2T Algo na-enye akara ngosi bara uru nke ukwuu na obere ihe egwu.
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Nhazi nkeji 10 nwere nnukwu uru. Enyere akwụkwọ ntuziaka na ịzụrụ.
Ọnụego ịga nke ọma 79%. Nsonaazụ anyị ga-atọ gị ụtọ.
Ruo azụmaahịa 70 kwa ọnwa. Enwere ihe karịrị ụzọ abụọ ise dị.
Ndebanye aha kwa ọnwa na-amalite na £58.
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, JPMorgan analyst Nikolaos Panigirtzoglou noted that it “pointed to further upside for crypto markets.”
In the published note from last week, Panigirtzoglou explained: “The share of stablecoins in the total crypto market cap no longer looks excessive … This share currently stands below 7%, which brings it back to its trend since 2020,” agbakwunye:
“As a result, we believe that any further upside for crypto markets from here would likely be more limited.”
March Rally Sponsored By Western Sanctions on Russia: JPMorgan
The JPM analyst highlighted that Bitcoin and Ethereum recorded some rise in value in early March after world powers imposed sanctions on Russia for invading Ukraine. The note explained:
“These sanctions had raised expectations that cryptocurrencies will be used more extensively in the future to circumvent the traditional banking system given [that] cryptocurrencies are not attached or depend on any government.”
However, Panigirtzoglou warned that with the current stablecoin share indicator, the bullish momentum recorded across the crypto market could be coming to an end.
Interestingly, in February, JPM forecasted that the long-term price of BTC would reach $150,000.
That said, other commentators do not share the same sentiments with JPM as more bullish BTC predictions hit the market. Yesterday, the CEO of Defiance ETFs expressed how bullish she was on Bitcoin, adding that she expects the price to hit $100,000. Galaxy Digital CEO Mike Novogratz also made some bullish proclamations for BTC last week, after making a $500,000 prediction for the benchmark cryptocurrency the previous week.
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