Bitcoin

Impact

when

Giant

<h1 dir="ltr" id="span-img-src-https-cdn-thebittimes-com-images-2024-07-11-06c79a73ec989c61a505999924031fe6-webp-width-624-height-376-style-display-block-margin-left-auto-margin-right-auto-span"><img src="https://cdn.thebittimes.com/images/2024/07/11/06c79a73ec989c61a505999924031fe6.webp" width="624" height="376" style="display: block; margin-left: auto; margin-right: auto;"></h1>
This year, Bitcoin has had quite a good run. It achieved its highest peak price of $73,737 thanks to the highly successful debut of its EFTs in March. However, recently, BTC has been on a downward trend, failing to maintain its bullish momentum.&nbsp;
Now priced at a little over $57,000, this shows the crypto's declining trading price. This price drop of the world's most capitalized cryptocurrency has negatively impacted the crypto market.&nbsp;
JPMorgan has been a <a href="https://u.today/jpmorgan-has-dire-warning-for-bitcoin-bulls%C3%A7" target="_blank" rel="noopener noreferrer nofollow">closely followed</a> voice in discussions on digital currencies for years. Their latest warning about the coin's underwhelming performance lately comes when the crypto market faces uncertainty.&nbsp;
Here's more on that warning and what this means for other cryptos, including <a href="https://coinmarketcap.com/currencies/floki-inu/" target="_blank" rel="noopener noreferrer nofollow">FLOKI</a>, <a href="https://www.coingecko.com/en/coins/pepe" target="_blank" rel="noopener noreferrer nofollow">PEPE</a>, and<a href="https://rcofinance.com/?utm_source=thebittimes&amp;utm_medium=pr&amp;utm_campaign=0711" target="_blank" rel="noopener noreferrer nofollow"> RCOF</a>.&nbsp;
<h2 dir="ltr" id="span-is-the-bull-run-really-over-span">Is the Bull Run Really Over?&nbsp;</h2>
The answer depends on who you ask. Some experts side with JPMorgan, stating that despite trying for the past three months, Bitcoin's price has dropped recently, trading at $54,000, recording the biggest cycle correction of 27%. However, some analysts believe it's far from over. They even predict that<a href="https://www.coingecko.com/en/coins/bitcoin" target="_blank" rel="noopener noreferrer nofollow"> BTCs</a> might trade at $150,000 in 2025.
Before you pick who to side with, here are a few reasons why JPMorgan offered a cautionary warning about the coin.&nbsp;
Bitcoin's performance has suffered in recent months due to bearish headwinds. This stems from actions by the German government, which dumped thousands of BTC into the market, lowering the price.&nbsp;
This influenced the US government to sell over 4,000 BTCs, causing the price of coins to take another hit. Given the EFTs' poor performance this past month, it is unsurprising that JPMorgan issued a cautionary warning on the cryptocurrency.&nbsp;
<h2 dir="ltr" id="span-impact-on-floki-pepe-and-rcof-span">Impact on FLOKI, PEPE, and RCOF</h2>
JPMorgan's cautionary warning has influential implications for Bitcoin and other cryptos such as<a href="https://coinmarketcap.com/currencies/floki-inu/" target="_blank" rel="noopener noreferrer nofollow"> FLOKI</a>, <a href="https://www.coingecko.com/en/coins/pepe" target="_blank" rel="noopener noreferrer nofollow">PEPE</a>, and RCOF. BTC's short-term price volatility could initiate sell-offs among risk-averse traders, lowering prices. It could also cause more institutions to review their crypto positions and dump some of their stocks, as seen with the German and US governments.&nbsp;
Additionally, it could increase regulators' and other financial institutions' scrutiny of the cryptocurrency. This increased 'heat' could spook investors, causing them to dump their stocks, fearing lower prices. <a href="https://rcofinance.com/?utm_source=thebittimes&amp;utm_medium=pr&amp;utm_campaign=0711" target="_blank" rel="noopener noreferrer nofollow"><img src="https://cdn.thebittimes.com/images/2024/07/11/979c14e7f3a8e610dca232f7e73545ed.webp" width="602" height="93" style="display: block; margin-left: auto; margin-right: auto;"></a>
<h2 dir="ltr" id="span-what-s-next-bet-on-rcof-s-success-span">What's Next: Bet on RCOF’s Success</h2>
That said, JPMorgan's concerns are just that—concerns sparked by uncertain economic times. However, while still valid, they fail to factor in Bitcoin's growing role as a store of value in these changing economic times.&nbsp;
This means you should only invest in coins that will increase in value over time, such as RCOF. Despite being relatively new to the market, it is showing great potential. Fully <a href="https://github.com/solidproof/projects/blob/main/2024/RCO%20Finance/SmartContract_Audit_Solidproof_RCOFinance.pdf" target="_blank" rel="noopener noreferrer nofollow">audited</a> and certified by EU authorities, RCO Finance adheres to MICA crypto regulations, offering you peace of mind and higher accountability.
RCO Finance also offers an AI robo advisor powered by advanced algorithms and machine learning. It can analyze market trends to identify potentially successful investment opportunities and even execute trades on your behalf. With it you can make informed decisions and capitalize on market movement.&nbsp;
The RCOF token presale, priced at <a href="https://rcofinance.com/?utm_source=thebittimes&amp;utm_medium=pr&amp;utm_campaign=0711" target="_blank" rel="noopener noreferrer nofollow">$0.0127,</a> offers a lucrative chance for early investors. With over 47 million tokens already sold, the predicted price surge to $0.0343 in the second presale stage is imminent.
The projected listing price of $0.4 to $0.6 further proves this token's potential for substantial gains. For instance, if you invest $100, you get about 7874 tokens, valued at anywhere between $3140 and $4720, close to<a href="https://rcofinance.com/?utm_source=thebittimes&amp;utm_medium=pr&amp;utm_campaign=0711" target="_blank" rel="noopener noreferrer nofollow"> 50x</a> your investment when the token is finally released.
So, take advantage of this wonderful chance to participate in the RCOF presale. Get a 40% bonus with this code:<a href="https://rcofinance.com/?utm_source=thebittimes&amp;utm_medium=pr&amp;utm_campaign=0711" target="_blank" rel="noopener noreferrer nofollow"> RCOF40</a> if you purchase RCOF tokens today. This could be the next big thing.&nbsp;
For more on the RCO Finance (RCOF) Presale:
<a href="https://rcofinance.com/?utm_source=thebittimes&amp;utm_medium=pr&amp;utm_campaign=0711" target="_blank" rel="noopener noreferrer nofollow">Visit RCO Finance Presale</a>
<a href="https://linktr.ee/rcofinance" target="_blank" rel="noopener noreferrer nofollow">Join The RCO Finance Community</a>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/banking-giant-jpmorgan-has-warning-for-bitcoin-bulls-impact-for-floki-pepe-and-rcof-tbt96386.html">https://thebittimes.com/banking-giant-jpmorgan-has-warning-for-bitcoin-bulls-impact-for-floki-pepe-and-rcof-tbt96386.html</a>

Banking Giant JPMorgan Has Warning for Bitcoin Bulls, Impact for FLOKI, PEPE, and RCOF

Table of Contents

TheBitTimes

Other articles published on Jul 11, 2024

Best Meme Coin Airdrops This Month : Don't Miss Out!

Binance Sheds Over 60% Stake from Gopax as South Korea Navigates New Crypto Laws

Bitcoin's (BTC) Scary Drop Might Be 'Weeks Away,' This Signal Says

The dYdX Foundation’s 2024 Semi-Annual Ecosystem Report Highlights Incredible Progress & Communit...

Best Performing New Crypto Projects for July 2024

How GoMining is revolutionizing Bitcoin mining through NFTs

Join our free newsletter for daily crypto updates!