To The Moon

On Thu, 02 May 2024, US banking giant $JPMorgan Chase(JPM)$ has cautioned cryptocurrency investors that Bitcoin is not out of the woods just yet The bank has maintained a cautious stance on cryptocurrencies, according to its latest report that was published on 23 Apr 2024. According to JPMorgan, the cryptocurrency market is currently suffering from a lack of bullish catalysts after Spot Bitcoin ETF inflows dried up. At the same time, the bank's analysts cited the following reasons as main bearish catalysts contributing to the ongoing selling pressure: (see below) Elevated positioning. Underwhelming venture capital (VC) funding. Current production costs - JPM predicted production cost of a single coin could roughly double. Just last

Crypto stocks fall in morning trading. Bitcoin price fell on Monday as sentiment towards cryptocurrencies remained dour in the face of higher-for-longer U.S. interest rates, while changes to collateral rules by the DTCC also presented some headwinds for crypto.Bitcoinfell 2.5% over the past 24 hours to $62,314.6 by 01:37 ET . The token was now trending closer to the lower end of a $60,000 to $70,000 trading range established since mid-March.Marathon Digital down 2.8%; Coinbase dropped 2.3%; Riot