Bitcoin

A <a href="https://www.bloomberg.com/news/articles/2023-08-25/jpmorgan-jpm-predicts-limited-downside-for-bitcoin-btc-crypto#xj4y7vzkg" rel="noopener noreferrer nofollow">repor</a>t from Bloomberg talks about JPMorgan Chase analysts, like Nikolaos Panigirtzoglou, who shared a note. They say that the crypto market will probably calm down soon.
They think this because the number of people interested in CME Bitcoin futures (like bets on Bitcoin’s future price) is going down. When this happens, it usually means prices might go down.
These analysts believe that the recent drop in the crypto market, where Bitcoin’s price went down about 12% in the last two weeks, is almost done.
<a href="https://cryptosheadlines.com/shiba-inu-open-interest-crosses-100m-raises-bitcoin-concerns/" rel="noopener noreferrer nofollow">Open interest</a> is about the number of futures and options contracts that aren’t settled yet. It’s not the same as <a href="https://cryptosheadlines.com/unusual-trading-volumes-observed-for-4-altcoins-on-south-korean-cryptocurrency-exchanges/" rel="noopener noreferrer nofollow">trading volume</a>, which is about how many contracts are traded. Open interest shows money going into futures markets, telling us about how strong the market is. <a href="https://cryptosheadlines.com/jpmorgan-analysts-foresee-stable-crypto-market-amid-downturns/" rel="noopener noreferrer nofollow">Read More...</a>

JPMorgan Analysts foresee Stable Crypto Market Amid Downturns

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Other articles published on Aug 27, 2023

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