JPMorgan Warns Strategy Bitcoin Sale Policy Adds “Two-Way Risk”
JPMorgan Critique of Strategy’s BTC Monetization Program JPMorgan analysts led by Nikolaos Panigirtzoglou assessed Strategy’s recently announced BTC Monetization Program, which permits the company to sell bitcoin to generate up to $1.25 billion in proceeds. These funds can be used...
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Bitcoin Rebounds Above $61,000 as Soft U.S. Jobs Data, ETF Inflows Support Prices
Bitcoin Recovers from 21-Month Low Bitcoin traded 1.9% higher at $61,632.5 by 01:29 ET (05:29 GMT) on Friday, continuing its recovery from a drop below $58,000 earlier in the week, its lowest level in 21 months. The token briefly topped...
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Bitcoin Slips as ETF Outflows and Rate Concerns Weigh on Crypto Markets
Bitcoin Under Pressure from Fed Outlook and ETF Outflows Bitcoin fell 0.9% to $59,555.3 by 01:45 ET (05:45 GMT) on Tuesday, extending recent declines that followed a hawkish message from the U.S. Federal Reserve at its June meeting. The Fed’s...
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Bitcoin Extends Bear-Market Slide as Long-Term Holders Increase Selling
Price Decline and Market Context Bitcoin’s latest sell-off pushed the token below $60,000, deepening a downturn that has persisted despite attempts to establish a sustained recovery. The cryptocurrency is down approximately 28% year to date and remains more than 50%...
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Bitcoin Drops as US-Iran Tensions Hit Risk Assets
Bitcoin Retreats Despite Slower ETF Outflows Bitcoin fell 3% to $61,375.5 by 02:12 ET (06:12 GMT) on Wednesday, giving back most of a short-lived rebound earlier in the week. The rebound had followed additional Bitcoin purchases by major corporate holder...
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