JPMorgan Says Grayscale Share Sales Extra Headwind for Bitcoin

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JPMorgan Says Grayscale Share Sales Extra Headwind for Bitcoin

Bloomberg2021-06-24

(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likely become a fresh source of pressure on the world’s top cryptocurrency, according to JPMorgan Chase &...

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MitchellC
·2021-06-25
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MIe
·2021-06-24
Grayscale GBTC & Ethereum dip are value guys in portfolio as Bitcoin and ethereum corrects into bear #
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1
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_kyan
·2021-06-24
Bitcoin will only pump please like and comment
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2
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- MrSoh:
  Like and comment
  2021-06-24
  Reply
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bryandoo
·2021-06-24
Ok nice
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- MIe:
  Buy Gbtc at a value as it dip #
  2021-06-24
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ELee2723
·2021-06-24
Like and comment pls!
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- kopiosiudai:
  ok
  2021-06-24
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KTX
·2021-06-24
Like n comment
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7
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- Canokira:
  like
  2021-06-24
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- TNN:
  Done. pls like.
  2021-06-24
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jyau73
·2021-06-24
If they still hold to it, another 50% drop how?
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- Stonker:
  Short MST
  2021-06-24
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- WinnerSG:
  Agree haha
  2021-06-24
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Tedam
·2021-06-24
Pls like
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- Olympous:
  Like
  2021-06-24
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hitithard
·2021-06-24
Come comment
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- Tedam:
  done
  2021-06-24
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It dropped 1.1% at $32,709 at 1:27 p.m. Hong Kong time on Thursday, down about 50% from its record high near $65,000 in mid-April.</p>\n<p>“Despite this week’s correction we are reluctant to abandon our negative outlook for Bitcoin and crypto markets more generally,” JPMorgan’s strategists said. “Despite some improvement, our signals remain overall bearish.”</p>\n<p>Separately, DoubleLine Capital LP Chief Executive Officer Jeffrey Gundlach said on Twitter Thursday that “it’s a big deal” if Bitcoin closes below $30,000, without elaborating. The ability to hold on to that level is thought by some to be key to the cryptocurrency’s future trends.</p>\n<p>Bitcoin’s fair value, based on a comparison of its volatility versus gold, is seen in a range of $23,000 to $35,000 in the medium term, JPMorgan’s strategists wrote. “It would still take price declines to the $25,000 level before longer-term momentum would signal capitulation,” they said.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan Says Grayscale Share Sales Extra Headwind for Bitcoin</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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It dropped 1.1% at $32,709 at 1:27 p.m. Hong Kong time on Thursday, down about 50% from its record high near $65,000 in mid-April.\n“Despite this week’s correction we are reluctant to abandon our negative outlook for Bitcoin and crypto markets more generally,” JPMorgan’s strategists said. “Despite some improvement, our signals remain overall bearish.”\nSeparately, DoubleLine Capital LP Chief Executive Officer Jeffrey Gundlach said on Twitter Thursday that “it’s a big deal” if Bitcoin closes below $30,000, without elaborating. The ability to hold on to that level is thought by some to be key to the cryptocurrency’s future trends.\nBitcoin’s fair value, based on a comparison of its volatility versus gold, is seen in a range of $23,000 to $35,000 in the medium term, JPMorgan’s strategists wrote. “It would still take price declines to the $25,000 level before longer-term momentum would signal capitulation,” they said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":128483913,"gmtCreate":1624527535232,"gmtModify":1703839395811,"author":{"id":"3577182936341023","authorId":"3577182936341023","name":"MIe","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":6,"crmLevelSwitch":0,"idStr":"3577182936341023","authorIdStr":"3577182936341023"},"htmlText":"Grayscale GBTC &amp; Ethereum dip are value guys in portfolio&nbsp;as Bitcoin and ethereum corrects into bear #","listText":"Grayscale GBTC &amp; Ethereum dip are value guys in portfolio&nbsp;as Bitcoin and ethereum corrects into bear #","text":"Grayscale GBTC & Ethereum dip are value guys in portfolio as Bitcoin and ethereum corrects into bear #","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128483913","repostId":1169013136,"repostType":4,"repost":{"id":"1169013136","kind":"news","pubTimestamp":1624523379,"share":"https://ttm.financial/m/news/1169013136?lang=&edition=fundamental","pubTime":"2021-06-24 16:29","market":"us","language":"en","title":"JPMorgan Says Grayscale Share Sales Extra Headwind for Bitcoin","url":"https://stock-news.laohu8.com/highlight/detail?id=1169013136","media":"Bloomberg","summary":"(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likel","content":"<p>(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likely become a fresh source of pressure on the world’s top cryptocurrency, according to JPMorgan Chase &amp; Co.</p>\n<p>While weak flows and price dynamics resulting from last month’s selloff fueled Bitcoin’s recent declines, possible sales of shares in the Grayscale Bitcoin Trust upon the expiry of a six-month lockup period could be an additional headwind, JPMorgan strategists led by Nikolaos Panigirtzoglou wrote in a note Wednesday.</p>\n<p>Bitcoin has remained under pressure in recent days, falling briefly below the key $30,000 level Tuesday, amid persistent concerns about its energy use and China’s expanded crackdown on the digital currency. It dropped 1.1% at $32,709 at 1:27 p.m. Hong Kong time on Thursday, down about 50% from its record high near $65,000 in mid-April.</p>\n<p>“Despite this week’s correction we are reluctant to abandon our negative outlook for Bitcoin and crypto markets more generally,” JPMorgan’s strategists said. “Despite some improvement, our signals remain overall bearish.”</p>\n<p>Separately, DoubleLine Capital LP Chief Executive Officer Jeffrey Gundlach said on Twitter Thursday that “it’s a big deal” if Bitcoin closes below $30,000, without elaborating. The ability to hold on to that level is thought by some to be key to the cryptocurrency’s future trends.</p>\n<p>Bitcoin’s fair value, based on a comparison of its volatility versus gold, is seen in a range of $23,000 to $35,000 in the medium term, JPMorgan’s strategists wrote. “It would still take price declines to the $25,000 level before longer-term momentum would signal capitulation,” they said.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan Says Grayscale Share Sales Extra Headwind for Bitcoin</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan Says Grayscale Share Sales Extra Headwind for Bitcoin\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 16:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/jpmorgan-says-grayscale-share-sales-055058334.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likely become a fresh source of pressure on the world’s top cryptocurrency, according to JPMorgan Chase &...</p>\n\n<a href=\"https://finance.yahoo.com/news/jpmorgan-says-grayscale-share-sales-055058334.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://finance.yahoo.com/news/jpmorgan-says-grayscale-share-sales-055058334.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169013136","content_text":"(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likely become a fresh source of pressure on the world’s top cryptocurrency, according to JPMorgan Chase & Co.\nWhile weak flows and price dynamics resulting from last month’s selloff fueled Bitcoin’s recent declines, possible sales of shares in the Grayscale Bitcoin Trust upon the expiry of a six-month lockup period could be an additional headwind, JPMorgan strategists led by Nikolaos Panigirtzoglou wrote in a note Wednesday.\nBitcoin has remained under pressure in recent days, falling briefly below the key $30,000 level Tuesday, amid persistent concerns about its energy use and China’s expanded crackdown on the digital currency. It dropped 1.1% at $32,709 at 1:27 p.m. Hong Kong time on Thursday, down about 50% from its record high near $65,000 in mid-April.\n“Despite this week’s correction we are reluctant to abandon our negative outlook for Bitcoin and crypto markets more generally,” JPMorgan’s strategists said. “Despite some improvement, our signals remain overall bearish.”\nSeparately, DoubleLine Capital LP Chief Executive Officer Jeffrey Gundlach said on Twitter Thursday that “it’s a big deal” if Bitcoin closes below $30,000, without elaborating. The ability to hold on to that level is thought by some to be key to the cryptocurrency’s future trends.\nBitcoin’s fair value, based on a comparison of its volatility versus gold, is seen in a range of $23,000 to $35,000 in the medium term, JPMorgan’s strategists wrote. “It would still take price declines to the $25,000 level before longer-term momentum would signal capitulation,” they said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":128574578,"gmtCreate":1624525893494,"gmtModify":1703839337199,"author":{"id":"3571449950594442","authorId":"3571449950594442","name":"_kyan","avatar":"https://static.tigerbbs.com/42f9e41fd4b6cb84188bf17dd1aebae1","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3571449950594442","authorIdStr":"3571449950594442"},"htmlText":"Bitcoin will only pump please like and comment","listText":"Bitcoin will only pump please like and comment","text":"Bitcoin will only pump please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/128574578","repostId":1169013136,"repostType":4,"repost":{"id":"1169013136","kind":"news","pubTimestamp":1624523379,"share":"https://ttm.financial/m/news/1169013136?lang=&edition=fundamental","pubTime":"2021-06-24 16:29","market":"us","language":"en","title":"JPMorgan Says Grayscale Share Sales Extra Headwind for Bitcoin","url":"https://stock-news.laohu8.com/highlight/detail?id=1169013136","media":"Bloomberg","summary":"(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likel","content":"<p>(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likely become a fresh source of pressure on the world’s top cryptocurrency, according to JPMorgan Chase &amp; Co.</p>\n<p>While weak flows and price dynamics resulting from last month’s selloff fueled Bitcoin’s recent declines, possible sales of shares in the Grayscale Bitcoin Trust upon the expiry of a six-month lockup period could be an additional headwind, JPMorgan strategists led by Nikolaos Panigirtzoglou wrote in a note Wednesday.</p>\n<p>Bitcoin has remained under pressure in recent days, falling briefly below the key $30,000 level Tuesday, amid persistent concerns about its energy use and China’s expanded crackdown on the digital currency. It dropped 1.1% at $32,709 at 1:27 p.m. Hong Kong time on Thursday, down about 50% from its record high near $65,000 in mid-April.</p>\n<p>“Despite this week’s correction we are reluctant to abandon our negative outlook for Bitcoin and crypto markets more generally,” JPMorgan’s strategists said. “Despite some improvement, our signals remain overall bearish.”</p>\n<p>Separately, DoubleLine Capital LP Chief Executive Officer Jeffrey Gundlach said on Twitter Thursday that “it’s a big deal” if Bitcoin closes below $30,000, without elaborating. The ability to hold on to that level is thought by some to be key to the cryptocurrency’s future trends.</p>\n<p>Bitcoin’s fair value, based on a comparison of its volatility versus gold, is seen in a range of $23,000 to $35,000 in the medium term, JPMorgan’s strategists wrote. “It would still take price declines to the $25,000 level before longer-term momentum would signal capitulation,” they said.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan Says Grayscale Share Sales Extra Headwind for Bitcoin</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan Says Grayscale Share Sales Extra Headwind for Bitcoin\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 16:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/jpmorgan-says-grayscale-share-sales-055058334.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likely become a fresh source of pressure on the world’s top cryptocurrency, according to JPMorgan Chase &...</p>\n\n<a href=\"https://finance.yahoo.com/news/jpmorgan-says-grayscale-share-sales-055058334.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://finance.yahoo.com/news/jpmorgan-says-grayscale-share-sales-055058334.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169013136","content_text":"(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likely become a fresh source of pressure on the world’s top cryptocurrency, according to JPMorgan Chase & Co.\nWhile weak flows and price dynamics resulting from last month’s selloff fueled Bitcoin’s recent declines, possible sales of shares in the Grayscale Bitcoin Trust upon the expiry of a six-month lockup period could be an additional headwind, JPMorgan strategists led by Nikolaos Panigirtzoglou wrote in a note Wednesday.\nBitcoin has remained under pressure in recent days, falling briefly below the key $30,000 level Tuesday, amid persistent concerns about its energy use and China’s expanded crackdown on the digital currency. It dropped 1.1% at $32,709 at 1:27 p.m. Hong Kong time on Thursday, down about 50% from its record high near $65,000 in mid-April.\n“Despite this week’s correction we are reluctant to abandon our negative outlook for Bitcoin and crypto markets more generally,” JPMorgan’s strategists said. “Despite some improvement, our signals remain overall bearish.”\nSeparately, DoubleLine Capital LP Chief Executive Officer Jeffrey Gundlach said on Twitter Thursday that “it’s a big deal” if Bitcoin closes below $30,000, without elaborating. The ability to hold on to that level is thought by some to be key to the cryptocurrency’s future trends.\nBitcoin’s fair value, based on a comparison of its volatility versus gold, is seen in a range of $23,000 to $35,000 in the medium term, JPMorgan’s strategists wrote. “It would still take price declines to the $25,000 level before longer-term momentum would signal capitulation,” they said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4993252,"gmtCreate":1624526201684,"gmtModify":1631890940797,"authorId":3574575782343795,"author":{"id":3574575782343795,"idStr":"3574575782343795","authorId":3574575782343795,"name":"MrSoh","avatar":"https://static.tigerbbs.com/c5bdec030dd49d0dabdf0b9138e4311a","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":128574578,"type":1,"supId":0,"prevId":0,"content":"Like and comment","text":"Like and comment","html":"Like and comment"}],"langContent":"EN"},{"id":128546578,"gmtCreate":1624525325994,"gmtModify":1703839319735,"author":{"id":"3574750627895203","authorId":"3574750627895203","name":"bryandoo","avatar":"https://static.tigerbbs.com/3c2451d3edf9e7982954b8f5d899de4d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574750627895203","authorIdStr":"3574750627895203"},"htmlText":"Ok nice","listText":"Ok nice","text":"Ok nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/128546578","repostId":1169013136,"repostType":4,"repost":{"id":"1169013136","kind":"news","pubTimestamp":1624523379,"share":"https://ttm.financial/m/news/1169013136?lang=&edition=fundamental","pubTime":"2021-06-24 16:29","market":"us","language":"en","title":"JPMorgan Says Grayscale Share Sales Extra Headwind for Bitcoin","url":"https://stock-news.laohu8.com/highlight/detail?id=1169013136","media":"Bloomberg","summary":"(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likel","content":"<p>(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likely become a fresh source of pressure on the world’s top cryptocurrency, according to JPMorgan Chase &amp; Co.</p>\n<p>While weak flows and price dynamics resulting from last month’s selloff fueled Bitcoin’s recent declines, possible sales of shares in the Grayscale Bitcoin Trust upon the expiry of a six-month lockup period could be an additional headwind, JPMorgan strategists led by Nikolaos Panigirtzoglou wrote in a note Wednesday.</p>\n<p>Bitcoin has remained under pressure in recent days, falling briefly below the key $30,000 level Tuesday, amid persistent concerns about its energy use and China’s expanded crackdown on the digital currency. It dropped 1.1% at $32,709 at 1:27 p.m. Hong Kong time on Thursday, down about 50% from its record high near $65,000 in mid-April.</p>\n<p>“Despite this week’s correction we are reluctant to abandon our negative outlook for Bitcoin and crypto markets more generally,” JPMorgan’s strategists said. “Despite some improvement, our signals remain overall bearish.”</p>\n<p>Separately, DoubleLine Capital LP Chief Executive Officer Jeffrey Gundlach said on Twitter Thursday that “it’s a big deal” if Bitcoin closes below $30,000, without elaborating. The ability to hold on to that level is thought by some to be key to the cryptocurrency’s future trends.</p>\n<p>Bitcoin’s fair value, based on a comparison of its volatility versus gold, is seen in a range of $23,000 to $35,000 in the medium term, JPMorgan’s strategists wrote. “It would still take price declines to the $25,000 level before longer-term momentum would signal capitulation,” they said.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan Says Grayscale Share Sales Extra Headwind for Bitcoin</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan Says Grayscale Share Sales Extra Headwind for Bitcoin\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 16:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/jpmorgan-says-grayscale-share-sales-055058334.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likely become a fresh source of pressure on the world’s top cryptocurrency, according to JPMorgan Chase &...</p>\n\n<a href=\"https://finance.yahoo.com/news/jpmorgan-says-grayscale-share-sales-055058334.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://finance.yahoo.com/news/jpmorgan-says-grayscale-share-sales-055058334.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169013136","content_text":"(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likely become a fresh source of pressure on the world’s top cryptocurrency, according to JPMorgan Chase & Co.\nWhile weak flows and price dynamics resulting from last month’s selloff fueled Bitcoin’s recent declines, possible sales of shares in the Grayscale Bitcoin Trust upon the expiry of a six-month lockup period could be an additional headwind, JPMorgan strategists led by Nikolaos Panigirtzoglou wrote in a note Wednesday.\nBitcoin has remained under pressure in recent days, falling briefly below the key $30,000 level Tuesday, amid persistent concerns about its energy use and China’s expanded crackdown on the digital currency. It dropped 1.1% at $32,709 at 1:27 p.m. Hong Kong time on Thursday, down about 50% from its record high near $65,000 in mid-April.\n“Despite this week’s correction we are reluctant to abandon our negative outlook for Bitcoin and crypto markets more generally,” JPMorgan’s strategists said. “Despite some improvement, our signals remain overall bearish.”\nSeparately, DoubleLine Capital LP Chief Executive Officer Jeffrey Gundlach said on Twitter Thursday that “it’s a big deal” if Bitcoin closes below $30,000, without elaborating. The ability to hold on to that level is thought by some to be key to the cryptocurrency’s future trends.\nBitcoin’s fair value, based on a comparison of its volatility versus gold, is seen in a range of $23,000 to $35,000 in the medium term, JPMorgan’s strategists wrote. “It would still take price declines to the $25,000 level before longer-term momentum would signal capitulation,” they said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4993496,"gmtCreate":1624527420703,"gmtModify":1663229902629,"authorId":3577182936341023,"author":{"id":3577182936341023,"idStr":"3577182936341023","authorId":3577182936341023,"name":"MIe","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.06.11","exceedPercentage":"93.67%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":128546578,"type":1,"supId":0,"prevId":0,"content":"Buy Gbtc at a value as it dip #","text":"Buy Gbtc at a value as it dip #","html":"Buy Gbtc at a value as it dip #"}],"langContent":"EN"},{"id":128557535,"gmtCreate":1624525101327,"gmtModify":1703839311069,"author":{"id":"3576576038240682","authorId":"3576576038240682","name":"ELee2723","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3576576038240682","authorIdStr":"3576576038240682"},"htmlText":"Like and comment pls!","listText":"Like and comment pls!","text":"Like and comment pls!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/128557535","repostId":1169013136,"repostType":4,"repost":{"id":"1169013136","kind":"news","pubTimestamp":1624523379,"share":"https://ttm.financial/m/news/1169013136?lang=&edition=fundamental","pubTime":"2021-06-24 16:29","market":"us","language":"en","title":"JPMorgan Says Grayscale Share Sales Extra Headwind for Bitcoin","url":"https://stock-news.laohu8.com/highlight/detail?id=1169013136","media":"Bloomberg","summary":"(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likel","content":"<p>(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likely become a fresh source of pressure on the world’s top cryptocurrency, according to JPMorgan Chase &amp; Co.</p>\n<p>While weak flows and price dynamics resulting from last month’s selloff fueled Bitcoin’s recent declines, possible sales of shares in the Grayscale Bitcoin Trust upon the expiry of a six-month lockup period could be an additional headwind, JPMorgan strategists led by Nikolaos Panigirtzoglou wrote in a note Wednesday.</p>\n<p>Bitcoin has remained under pressure in recent days, falling briefly below the key $30,000 level Tuesday, amid persistent concerns about its energy use and China’s expanded crackdown on the digital currency. It dropped 1.1% at $32,709 at 1:27 p.m. Hong Kong time on Thursday, down about 50% from its record high near $65,000 in mid-April.</p>\n<p>“Despite this week’s correction we are reluctant to abandon our negative outlook for Bitcoin and crypto markets more generally,” JPMorgan’s strategists said. “Despite some improvement, our signals remain overall bearish.”</p>\n<p>Separately, DoubleLine Capital LP Chief Executive Officer Jeffrey Gundlach said on Twitter Thursday that “it’s a big deal” if Bitcoin closes below $30,000, without elaborating. The ability to hold on to that level is thought by some to be key to the cryptocurrency’s future trends.</p>\n<p>Bitcoin’s fair value, based on a comparison of its volatility versus gold, is seen in a range of $23,000 to $35,000 in the medium term, JPMorgan’s strategists wrote. “It would still take price declines to the $25,000 level before longer-term momentum would signal capitulation,” they said.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan Says Grayscale Share Sales Extra Headwind for Bitcoin</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan Says Grayscale Share Sales Extra Headwind for Bitcoin\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 16:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/jpmorgan-says-grayscale-share-sales-055058334.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likely become a fresh source of pressure on the world’s top cryptocurrency, according to JPMorgan Chase &...</p>\n\n<a href=\"https://finance.yahoo.com/news/jpmorgan-says-grayscale-share-sales-055058334.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://finance.yahoo.com/news/jpmorgan-says-grayscale-share-sales-055058334.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169013136","content_text":"(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likely become a fresh source of pressure on the world’s top cryptocurrency, according to JPMorgan Chase & Co.\nWhile weak flows and price dynamics resulting from last month’s selloff fueled Bitcoin’s recent declines, possible sales of shares in the Grayscale Bitcoin Trust upon the expiry of a six-month lockup period could be an additional headwind, JPMorgan strategists led by Nikolaos Panigirtzoglou wrote in a note Wednesday.\nBitcoin has remained under pressure in recent days, falling briefly below the key $30,000 level Tuesday, amid persistent concerns about its energy use and China’s expanded crackdown on the digital currency. It dropped 1.1% at $32,709 at 1:27 p.m. Hong Kong time on Thursday, down about 50% from its record high near $65,000 in mid-April.\n“Despite this week’s correction we are reluctant to abandon our negative outlook for Bitcoin and crypto markets more generally,” JPMorgan’s strategists said. “Despite some improvement, our signals remain overall bearish.”\nSeparately, DoubleLine Capital LP Chief Executive Officer Jeffrey Gundlach said on Twitter Thursday that “it’s a big deal” if Bitcoin closes below $30,000, without elaborating. The ability to hold on to that level is thought by some to be key to the cryptocurrency’s future trends.\nBitcoin’s fair value, based on a comparison of its volatility versus gold, is seen in a range of $23,000 to $35,000 in the medium term, JPMorgan’s strategists wrote. “It would still take price declines to the $25,000 level before longer-term momentum would signal capitulation,” they said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4993159,"gmtCreate":1624525716078,"gmtModify":1663229905739,"authorId":3568599843615986,"author":{"id":3568599843615986,"idStr":"3568599843615986","authorId":3568599843615986,"name":"kopiosiudai","avatar":"https://static.tigerbbs.com/8aeb9d703a2107bb9cabe7577b4d268a","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":128557535,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"},{"id":128582708,"gmtCreate":1624523823704,"gmtModify":1703839264003,"author":{"id":"3571482211918385","authorId":"3571482211918385","name":"KTX","avatar":"https://static.tigerbbs.com/f7d2d6c9788fbae7ed024ed5ba7c58e4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3571482211918385","authorIdStr":"3571482211918385"},"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/128582708","repostId":1169013136,"repostType":4,"repost":{"id":"1169013136","kind":"news","pubTimestamp":1624523379,"share":"https://ttm.financial/m/news/1169013136?lang=&edition=fundamental","pubTime":"2021-06-24 16:29","market":"us","language":"en","title":"JPMorgan Says Grayscale Share Sales Extra Headwind for Bitcoin","url":"https://stock-news.laohu8.com/highlight/detail?id=1169013136","media":"Bloomberg","summary":"(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likel","content":"<p>(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likely become a fresh source of pressure on the world’s top cryptocurrency, according to JPMorgan Chase &amp; Co.</p>\n<p>While weak flows and price dynamics resulting from last month’s selloff fueled Bitcoin’s recent declines, possible sales of shares in the Grayscale Bitcoin Trust upon the expiry of a six-month lockup period could be an additional headwind, JPMorgan strategists led by Nikolaos Panigirtzoglou wrote in a note Wednesday.</p>\n<p>Bitcoin has remained under pressure in recent days, falling briefly below the key $30,000 level Tuesday, amid persistent concerns about its energy use and China’s expanded crackdown on the digital currency. It dropped 1.1% at $32,709 at 1:27 p.m. Hong Kong time on Thursday, down about 50% from its record high near $65,000 in mid-April.</p>\n<p>“Despite this week’s correction we are reluctant to abandon our negative outlook for Bitcoin and crypto markets more generally,” JPMorgan’s strategists said. “Despite some improvement, our signals remain overall bearish.”</p>\n<p>Separately, DoubleLine Capital LP Chief Executive Officer Jeffrey Gundlach said on Twitter Thursday that “it’s a big deal” if Bitcoin closes below $30,000, without elaborating. The ability to hold on to that level is thought by some to be key to the cryptocurrency’s future trends.</p>\n<p>Bitcoin’s fair value, based on a comparison of its volatility versus gold, is seen in a range of $23,000 to $35,000 in the medium term, JPMorgan’s strategists wrote. “It would still take price declines to the $25,000 level before longer-term momentum would signal capitulation,” they said.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan Says Grayscale Share Sales Extra Headwind for Bitcoin</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan Says Grayscale Share Sales Extra Headwind for Bitcoin\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 16:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/jpmorgan-says-grayscale-share-sales-055058334.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likely become a fresh source of pressure on the world’s top cryptocurrency, according to JPMorgan Chase &...</p>\n\n<a href=\"https://finance.yahoo.com/news/jpmorgan-says-grayscale-share-sales-055058334.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://finance.yahoo.com/news/jpmorgan-says-grayscale-share-sales-055058334.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169013136","content_text":"(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likely become a fresh source of pressure on the world’s top cryptocurrency, according to JPMorgan Chase & Co.\nWhile weak flows and price dynamics resulting from last month’s selloff fueled Bitcoin’s recent declines, possible sales of shares in the Grayscale Bitcoin Trust upon the expiry of a six-month lockup period could be an additional headwind, JPMorgan strategists led by Nikolaos Panigirtzoglou wrote in a note Wednesday.\nBitcoin has remained under pressure in recent days, falling briefly below the key $30,000 level Tuesday, amid persistent concerns about its energy use and China’s expanded crackdown on the digital currency. It dropped 1.1% at $32,709 at 1:27 p.m. Hong Kong time on Thursday, down about 50% from its record high near $65,000 in mid-April.\n“Despite this week’s correction we are reluctant to abandon our negative outlook for Bitcoin and crypto markets more generally,” JPMorgan’s strategists said. “Despite some improvement, our signals remain overall bearish.”\nSeparately, DoubleLine Capital LP Chief Executive Officer Jeffrey Gundlach said on Twitter Thursday that “it’s a big deal” if Bitcoin closes below $30,000, without elaborating. The ability to hold on to that level is thought by some to be key to the cryptocurrency’s future trends.\nBitcoin’s fair value, based on a comparison of its volatility versus gold, is seen in a range of $23,000 to $35,000 in the medium term, JPMorgan’s strategists wrote. “It would still take price declines to the $25,000 level before longer-term momentum would signal capitulation,” they said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4992814,"gmtCreate":1624524193460,"gmtModify":1663229902345,"authorId":3580863560680452,"author":{"id":3580863560680452,"idStr":"3580863560680452","authorId":3580863560680452,"name":"Canokira","avatar":"https://static.tigerbbs.com/0562a6b7ded0dcc81f834c3e023b803a","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":128582708,"type":1,"supId":0,"prevId":0,"content":"<u>like</u>","text":"<u>like</u>","html":"<u>like</u>"},{"id":4992803,"gmtCreate":1624524122793,"gmtModify":1663229900834,"authorId":4087559444800570,"author":{"id":4087559444800570,"idStr":"4087559444800570","authorId":4087559444800570,"name":"TNN","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":128582708,"type":1,"supId":0,"prevId":0,"content":"Done.  pls like.","text":"Done.  pls like.","html":"Done.  pls like."}],"langContent":"EN"},{"id":128581905,"gmtCreate":1624523649907,"gmtModify":1703839258128,"author":{"id":"4087190501410390","authorId":"4087190501410390","name":"jyau73","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4087190501410390","authorIdStr":"4087190501410390"},"htmlText":"If they still hold to it, another 50% drop how?","listText":"If they still hold to it, another 50% drop how?","text":"If they still hold to it, another 50% drop how?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/128581905","repostId":1169013136,"repostType":4,"repost":{"id":"1169013136","kind":"news","pubTimestamp":1624523379,"share":"https://ttm.financial/m/news/1169013136?lang=&edition=fundamental","pubTime":"2021-06-24 16:29","market":"us","language":"en","title":"JPMorgan Says Grayscale Share Sales Extra Headwind for Bitcoin","url":"https://stock-news.laohu8.com/highlight/detail?id=1169013136","media":"Bloomberg","summary":"(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likel","content":"<p>(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likely become a fresh source of pressure on the world’s top cryptocurrency, according to JPMorgan Chase &amp; Co.</p>\n<p>While weak flows and price dynamics resulting from last month’s selloff fueled Bitcoin’s recent declines, possible sales of shares in the Grayscale Bitcoin Trust upon the expiry of a six-month lockup period could be an additional headwind, JPMorgan strategists led by Nikolaos Panigirtzoglou wrote in a note Wednesday.</p>\n<p>Bitcoin has remained under pressure in recent days, falling briefly below the key $30,000 level Tuesday, amid persistent concerns about its energy use and China’s expanded crackdown on the digital currency. It dropped 1.1% at $32,709 at 1:27 p.m. Hong Kong time on Thursday, down about 50% from its record high near $65,000 in mid-April.</p>\n<p>“Despite this week’s correction we are reluctant to abandon our negative outlook for Bitcoin and crypto markets more generally,” JPMorgan’s strategists said. “Despite some improvement, our signals remain overall bearish.”</p>\n<p>Separately, DoubleLine Capital LP Chief Executive Officer Jeffrey Gundlach said on Twitter Thursday that “it’s a big deal” if Bitcoin closes below $30,000, without elaborating. The ability to hold on to that level is thought by some to be key to the cryptocurrency’s future trends.</p>\n<p>Bitcoin’s fair value, based on a comparison of its volatility versus gold, is seen in a range of $23,000 to $35,000 in the medium term, JPMorgan’s strategists wrote. “It would still take price declines to the $25,000 level before longer-term momentum would signal capitulation,” they said.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan Says Grayscale Share Sales Extra Headwind for Bitcoin</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan Says Grayscale Share Sales Extra Headwind for Bitcoin\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 16:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/jpmorgan-says-grayscale-share-sales-055058334.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likely become a fresh source of pressure on the world’s top cryptocurrency, according to JPMorgan Chase &...</p>\n\n<a href=\"https://finance.yahoo.com/news/jpmorgan-says-grayscale-share-sales-055058334.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://finance.yahoo.com/news/jpmorgan-says-grayscale-share-sales-055058334.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169013136","content_text":"(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likely become a fresh source of pressure on the world’s top cryptocurrency, according to JPMorgan Chase & Co.\nWhile weak flows and price dynamics resulting from last month’s selloff fueled Bitcoin’s recent declines, possible sales of shares in the Grayscale Bitcoin Trust upon the expiry of a six-month lockup period could be an additional headwind, JPMorgan strategists led by Nikolaos Panigirtzoglou wrote in a note Wednesday.\nBitcoin has remained under pressure in recent days, falling briefly below the key $30,000 level Tuesday, amid persistent concerns about its energy use and China’s expanded crackdown on the digital currency. It dropped 1.1% at $32,709 at 1:27 p.m. Hong Kong time on Thursday, down about 50% from its record high near $65,000 in mid-April.\n“Despite this week’s correction we are reluctant to abandon our negative outlook for Bitcoin and crypto markets more generally,” JPMorgan’s strategists said. “Despite some improvement, our signals remain overall bearish.”\nSeparately, DoubleLine Capital LP Chief Executive Officer Jeffrey Gundlach said on Twitter Thursday that “it’s a big deal” if Bitcoin closes below $30,000, without elaborating. The ability to hold on to that level is thought by some to be key to the cryptocurrency’s future trends.\nBitcoin’s fair value, based on a comparison of its volatility versus gold, is seen in a range of $23,000 to $35,000 in the medium term, JPMorgan’s strategists wrote. “It would still take price declines to the $25,000 level before longer-term momentum would signal capitulation,” they said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4993023,"gmtCreate":1624525108206,"gmtModify":1663229904226,"authorId":3575285094262582,"author":{"id":3575285094262582,"idStr":"3575285094262582","authorId":3575285094262582,"name":"Stonker","avatar":"https://static.tigerbbs.com/30eb7dc58172a5e840d654113620cc49","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":128581905,"type":1,"supId":0,"prevId":0,"content":"Short MST","text":"Short MST","html":"Short MST"},{"id":4993122,"gmtCreate":1624525529895,"gmtModify":1635248571845,"authorId":3585538024677143,"author":{"id":3585538024677143,"idStr":"3585538024677143","authorId":3585538024677143,"name":"WinnerSG","avatar":"https://static.tigerbbs.com/f748cf37b7a34ee47884ee19e105d382","vip":1,"crmLevel":8,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":128581905,"type":1,"supId":4993023,"prevId":0,"content":"Agree <u>haha</u>","text":"Agree <u>haha</u>","html":"Agree <u>haha</u>"}],"langContent":"EN"},{"id":128589478,"gmtCreate":1624523584994,"gmtModify":1703839255971,"author":{"id":"3574663138666653","authorId":"3574663138666653","name":"Tedam","avatar":"https://static.tigerbbs.com/b03558df0abaa80f9e6b141bb1e3d38e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574663138666653","authorIdStr":"3574663138666653"},"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/128589478","repostId":1169013136,"repostType":4,"repost":{"id":"1169013136","kind":"news","pubTimestamp":1624523379,"share":"https://ttm.financial/m/news/1169013136?lang=&edition=fundamental","pubTime":"2021-06-24 16:29","market":"us","language":"en","title":"JPMorgan Says Grayscale Share Sales Extra Headwind for Bitcoin","url":"https://stock-news.laohu8.com/highlight/detail?id=1169013136","media":"Bloomberg","summary":"(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likel","content":"<p>(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likely become a fresh source of pressure on the world’s top cryptocurrency, according to JPMorgan Chase &amp; Co.</p>\n<p>While weak flows and price dynamics resulting from last month’s selloff fueled Bitcoin’s recent declines, possible sales of shares in the Grayscale Bitcoin Trust upon the expiry of a six-month lockup period could be an additional headwind, JPMorgan strategists led by Nikolaos Panigirtzoglou wrote in a note Wednesday.</p>\n<p>Bitcoin has remained under pressure in recent days, falling briefly below the key $30,000 level Tuesday, amid persistent concerns about its energy use and China’s expanded crackdown on the digital currency. It dropped 1.1% at $32,709 at 1:27 p.m. Hong Kong time on Thursday, down about 50% from its record high near $65,000 in mid-April.</p>\n<p>“Despite this week’s correction we are reluctant to abandon our negative outlook for Bitcoin and crypto markets more generally,” JPMorgan’s strategists said. “Despite some improvement, our signals remain overall bearish.”</p>\n<p>Separately, DoubleLine Capital LP Chief Executive Officer Jeffrey Gundlach said on Twitter Thursday that “it’s a big deal” if Bitcoin closes below $30,000, without elaborating. The ability to hold on to that level is thought by some to be key to the cryptocurrency’s future trends.</p>\n<p>Bitcoin’s fair value, based on a comparison of its volatility versus gold, is seen in a range of $23,000 to $35,000 in the medium term, JPMorgan’s strategists wrote. “It would still take price declines to the $25,000 level before longer-term momentum would signal capitulation,” they said.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan Says Grayscale Share Sales Extra Headwind for Bitcoin</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan Says Grayscale Share Sales Extra Headwind for Bitcoin\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 16:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/jpmorgan-says-grayscale-share-sales-055058334.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likely become a fresh source of pressure on the world’s top cryptocurrency, according to JPMorgan Chase &...</p>\n\n<a href=\"https://finance.yahoo.com/news/jpmorgan-says-grayscale-share-sales-055058334.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://finance.yahoo.com/news/jpmorgan-says-grayscale-share-sales-055058334.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169013136","content_text":"(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likely become a fresh source of pressure on the world’s top cryptocurrency, according to JPMorgan Chase & Co.\nWhile weak flows and price dynamics resulting from last month’s selloff fueled Bitcoin’s recent declines, possible sales of shares in the Grayscale Bitcoin Trust upon the expiry of a six-month lockup period could be an additional headwind, JPMorgan strategists led by Nikolaos Panigirtzoglou wrote in a note Wednesday.\nBitcoin has remained under pressure in recent days, falling briefly below the key $30,000 level Tuesday, amid persistent concerns about its energy use and China’s expanded crackdown on the digital currency. It dropped 1.1% at $32,709 at 1:27 p.m. Hong Kong time on Thursday, down about 50% from its record high near $65,000 in mid-April.\n“Despite this week’s correction we are reluctant to abandon our negative outlook for Bitcoin and crypto markets more generally,” JPMorgan’s strategists said. “Despite some improvement, our signals remain overall bearish.”\nSeparately, DoubleLine Capital LP Chief Executive Officer Jeffrey Gundlach said on Twitter Thursday that “it’s a big deal” if Bitcoin closes below $30,000, without elaborating. The ability to hold on to that level is thought by some to be key to the cryptocurrency’s future trends.\nBitcoin’s fair value, based on a comparison of its volatility versus gold, is seen in a range of $23,000 to $35,000 in the medium term, JPMorgan’s strategists wrote. “It would still take price declines to the $25,000 level before longer-term momentum would signal capitulation,” they said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4992685,"gmtCreate":1624523646873,"gmtModify":1663229899939,"authorId":3580732020483404,"author":{"id":3580732020483404,"idStr":"3580732020483404","authorId":3580732020483404,"name":"Olympous","avatar":"https://static.tigerbbs.com/3a8af001d967b1e9c67ad207e8390558","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-1","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Boss Tiger","description":"The transaction amount of the securities account reaches $100,000","bigImgUrl":"https://static.tigerbbs.com/c8dfc27c1ee0e25db1c93e9d0b641101","smallImgUrl":"https://static.tigerbbs.com/f43908c142f8a33c78f5bdf0e2897488","grayImgUrl":"https://static.tigerbbs.com/82165ff19cb8a786e8919f92acee5213","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.29","exceedPercentage":"60.88%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":128589478,"type":1,"supId":0,"prevId":0,"content":"<u>Like</u>","text":"<u>Like</u>","html":"<u>Like</u>"}],"langContent":"EN"},{"id":128580416,"gmtCreate":1624523536735,"gmtModify":1703839257636,"author":{"id":"3570063321997588","authorId":"3570063321997588","name":"hitithard","avatar":"https://static.tigerbbs.com/309ce7b357018aa7b946332c2fe8725c","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3570063321997588","authorIdStr":"3570063321997588"},"htmlText":"Come comment&nbsp;","listText":"Come comment&nbsp;","text":"Come comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/128580416","repostId":1169013136,"repostType":4,"repost":{"id":"1169013136","kind":"news","pubTimestamp":1624523379,"share":"https://ttm.financial/m/news/1169013136?lang=&edition=fundamental","pubTime":"2021-06-24 16:29","market":"us","language":"en","title":"JPMorgan Says Grayscale Share Sales Extra Headwind for Bitcoin","url":"https://stock-news.laohu8.com/highlight/detail?id=1169013136","media":"Bloomberg","summary":"(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likel","content":"<p>(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likely become a fresh source of pressure on the world’s top cryptocurrency, according to JPMorgan Chase &amp; Co.</p>\n<p>While weak flows and price dynamics resulting from last month’s selloff fueled Bitcoin’s recent declines, possible sales of shares in the Grayscale Bitcoin Trust upon the expiry of a six-month lockup period could be an additional headwind, JPMorgan strategists led by Nikolaos Panigirtzoglou wrote in a note Wednesday.</p>\n<p>Bitcoin has remained under pressure in recent days, falling briefly below the key $30,000 level Tuesday, amid persistent concerns about its energy use and China’s expanded crackdown on the digital currency. It dropped 1.1% at $32,709 at 1:27 p.m. Hong Kong time on Thursday, down about 50% from its record high near $65,000 in mid-April.</p>\n<p>“Despite this week’s correction we are reluctant to abandon our negative outlook for Bitcoin and crypto markets more generally,” JPMorgan’s strategists said. “Despite some improvement, our signals remain overall bearish.”</p>\n<p>Separately, DoubleLine Capital LP Chief Executive Officer Jeffrey Gundlach said on Twitter Thursday that “it’s a big deal” if Bitcoin closes below $30,000, without elaborating. The ability to hold on to that level is thought by some to be key to the cryptocurrency’s future trends.</p>\n<p>Bitcoin’s fair value, based on a comparison of its volatility versus gold, is seen in a range of $23,000 to $35,000 in the medium term, JPMorgan’s strategists wrote. “It would still take price declines to the $25,000 level before longer-term momentum would signal capitulation,” they said.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan Says Grayscale Share Sales Extra Headwind for Bitcoin</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan Says Grayscale Share Sales Extra Headwind for Bitcoin\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 16:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/jpmorgan-says-grayscale-share-sales-055058334.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likely become a fresh source of pressure on the world’s top cryptocurrency, according to JPMorgan Chase &...</p>\n\n<a href=\"https://finance.yahoo.com/news/jpmorgan-says-grayscale-share-sales-055058334.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://finance.yahoo.com/news/jpmorgan-says-grayscale-share-sales-055058334.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169013136","content_text":"(Bloomberg) --Anticipated selling of shares in a major Bitcoin fund between June and July will likely become a fresh source of pressure on the world’s top cryptocurrency, according to JPMorgan Chase & Co.\nWhile weak flows and price dynamics resulting from last month’s selloff fueled Bitcoin’s recent declines, possible sales of shares in the Grayscale Bitcoin Trust upon the expiry of a six-month lockup period could be an additional headwind, JPMorgan strategists led by Nikolaos Panigirtzoglou wrote in a note Wednesday.\nBitcoin has remained under pressure in recent days, falling briefly below the key $30,000 level Tuesday, amid persistent concerns about its energy use and China’s expanded crackdown on the digital currency. It dropped 1.1% at $32,709 at 1:27 p.m. Hong Kong time on Thursday, down about 50% from its record high near $65,000 in mid-April.\n“Despite this week’s correction we are reluctant to abandon our negative outlook for Bitcoin and crypto markets more generally,” JPMorgan’s strategists said. “Despite some improvement, our signals remain overall bearish.”\nSeparately, DoubleLine Capital LP Chief Executive Officer Jeffrey Gundlach said on Twitter Thursday that “it’s a big deal” if Bitcoin closes below $30,000, without elaborating. The ability to hold on to that level is thought by some to be key to the cryptocurrency’s future trends.\nBitcoin’s fair value, based on a comparison of its volatility versus gold, is seen in a range of $23,000 to $35,000 in the medium term, JPMorgan’s strategists wrote. “It would still take price declines to the $25,000 level before longer-term momentum would signal capitulation,” they said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4992664,"gmtCreate":1624523551853,"gmtModify":1663229902154,"authorId":3574663138666653,"author":{"id":3574663138666653,"idStr":"3574663138666653","authorId":3574663138666653,"name":"Tedam","avatar":"https://static.tigerbbs.com/b03558df0abaa80f9e6b141bb1e3d38e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":128580416,"type":1,"supId":0,"prevId":0,"content":"<u>done</u>","text":"<u>done</u>","html":"<u>done</u>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":40,"commentSize":9,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}