Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £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,” adding:
“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.
You can purchase Lucky Block here. Buy LBlock
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
