Bitcoin

Following the decline in Bitcoin (BTC) and altcoins, US banking giant JP Morgan published a new report.
Accordingly, JP Morgan said that the cryptocurrency liquidations, which started in June and continued in early July, are expected to decrease in July and BTC and the market are expected to recover from August.
The bank also lowered its cryptocurrency net flow forecast from $12 billion to $8 billion, Coindesk reported.
JP Morgan analysts led by Nikolaos Panigirtzoglou
<blockquote>
 “The decrease in estimated net flows is largely due to the decline in Bitcoin reserves on exchanges over the past month.
 Additionally, this recent decline in exchange reserves is likely due to the bankrupt cryptocurrency exchange Mt. “It stems from Bitcoin sales by Gox's creditors or sales by the German government, which disposed of cryptocurrencies seized from criminal activities.”
</blockquote>
Finally, analysts reiterated that they expect the Bitcoin and cryptocurrency market to recover starting from August.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/jp-morgan-announces-the-date-when-bitcoin-btc-and-altcoins-will-rise/" rel="noopener noreferrer nofollow">JP Morgan Announces the Date When Bitcoin (BTC) and Altcoins Will Rise!</a>

JP Morgan Announces the Date When Bitcoin (BTC) and Altcoins Will Rise!

Bitcoin Sistemi EN

Andere artikelen gepubliceerd op 11 jul 2024

Bitcoin Exchange Exodus: Withdrawals Hit 5-Year Low Amidst Price Slide

Blast Crypto Price Prediction: Is This Just the Beginning?

Glassnode: Bitcoin accumulation reaches 3-month high

Crypto Com Unveils Support For Render AI Ticker Rebrand

SEI crypto rallies to $0.33: What’s driving the double-digit surge?

Shiba Inu Insider's Crucial Tweet Sparks SHIB Community Buzz

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!