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JP Morgan: Bitcoin’s Decreasing Volatility Makes It More Appealing to Institutions, Revises BTC Price Prediction to $130K
By Kevin Helms
JP Morgan says that bitcoin’s volatility has decreased in recent weeks, making the cryptocurrency more appealing to institutional investors. The investment bank has also revised its bitcoin price target to $130,000. Increased Institutional Adoption, New Price Prediction for Bitcoin JPMorgan…
Ark Invest and JPMorgan expect Bitcoin to hit $130K-$470K
By Joseph Young
Top funds in the U.S. expect Bitcoin to hit anywhere between $130K to half a million in the long term. JPMorgan expects Bitcoin (BTC) to reach $130,000, while Ark Invest anticipates the market valuation of BTC to surpass that of…
JP Morgan Revises Bitcoin Target To $130,000, Citing Decreased Volatility
The financial giant is gradually becoming more bullish on Bitcoin and institutional adoption.JPMorgan, in an email note released to clients on Thursday, cited decreasing Bitcoin volatility as a positive for institutional interest in the asset. In an article covering the…
U.S. Bitcoin Exchanges see no Increase in activity despite Stimulus Checks
Crypto exchanges have not witnessed increased trading activity following the recent $1.9 trillion stimulus funding from the U.S government. This development has caught the attention of the crypto community with prior stimulus funding resulting in a surge of crypto purchases…
$1.62 Billion Long Positions Liquidated in 24 Hours as BTC Dips Below $55k
Bitcoin’s recent dip below $55k has led to heavy losses of crypto investors’ funds, with $1.62 billion long crypto positions liquidated within 24hours. In the early hours of the day, Bitcoin’s price, as well as that of many altcoins, went…
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South Korean internet giant Naver reportedly joins Bithumb stake race
By Helen Partz
Naver is reportedly looking to strengthen its position in the crypto industry with a potential equity stake in South Korea’s largest crypto exchange. Major South Korean internet company Naver has reportedly begun negotiations to acquire a stake in the country’s…
Stocks of Bitcoin: JPMorgan offers BTC exposure, an ETF in sheep’s clothing
JP Morgan bunched proxy crypto stocks to give skeptical investors exposure to the crypto economy. Cryptocurrency adoption has been penetrating the mainstream at an exponential rate. While most investors are going straight into buying the likes of Bitcoin (BTC) and…
JPMorgan Exploring Bitcoin and Cryptocurrency Clearinghouse Options
U.S banking giant JPMorgan is reportedly exploring adding bitcoin and cryptocurrency clearinghouse options to its existing cryptocurrency services. JPMorgan Exploring Crypto Clearinghouse Option U.S news outlet Forbes reported today, that JPMorgan is considering adding new cryptocurrency-based services. It further stated…
Crypto platform FalconX raises $50M on the back of institutional adoption
By Sam Bourgi
Tiger Global and B Capital are the primary investors in the latest round. They join Coinbase Ventures, Accel, FMR LLC and others in backing FalconX. FalconX, a cryptocurrency exchange focused on institutional investors, has raised $50 million from Tiger Global…