WorldPingJPMorgan says bitcoin could get more support than gold if ETF hedging eases
Bitcoin could get more support than gold if investors reduce their ETF hedges, according to JPMorgan analysts.
Brief by WorldPing · Original reporting by The Block
WorldPingBitcoin made modest daily gains as US stocks saw upside in the aftermath of the US Federal Reserve’s first interest-rate hike since July 2023.
Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.
When each newsroom published on this story, oldest first — all times UTC.
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JPMorgan says bitcoin could get more support than gold if ETF hedging eases
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Read the full report at CointelegraphLiving hubs that keep updating as this story develops.
WorldPingBitcoin could get more support than gold if investors reduce their ETF hedges, according to JPMorgan analysts.
Brief by WorldPing · Original reporting by The Block
WorldPingBitcoin’s price snapped its recent downward trend, briefly touching $77,000 before settling around $76,600. Despite sharp swings and pressure from a unanimous 25-basis-point Fed rate hike, bitcoin maintained a $1.54 trillion market cap with a 1% daily gain.
Brief by WorldPing · Original reporting by Bitcoin.com
WorldPingThe Federal Reserve's first rate increase since 2023 barely dented crypto prices, but what comes next could change calculations on Wall Street.
Brief by WorldPing · Original reporting by Decrypt
Bitcoin Magazine Ric Edelman: Buying Bitcoin Today Is Like Buying Amazon in 1999 The top financial advisor also thinks bitcoin's price will hit at least $500,000 by 2030.
Brief by WorldPing · Original reporting by Bitcoin Magazine
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WorldPingThe "innovation exemption" lets qualifying venues trade tokenized versions of U.S. stocks on public blockchains without registering as exchanges—though it excludes price-tracking "synthetics" and lets companies block tokenization of their shares.
Brief by WorldPing · Original reporting by Decrypt