Crypto News

JP Morgan's Bullish Stance on Bitcoin The finance giant has been closely monitoring the performance of the world's largest cryptocurrency, Bitcoin (BTC). Despite the recent market dip, JP Morgan remains optimistic about the future of BTC. According to the bank's analysts, the ongoing liquidations of Bitcoin from Grayscale's GBTC trust will likely come to an end in the second half of June. This liquidation, which has been ongoing since February, has been a major contributing factor to the downward pressure on BTC's price. But with the liquidation expected to conclude soon, JP Morgan predicts a potential rebound for BTC. Timeline for BTC Liquidations JP Morgan's research team has been closely tracking the GBTC liquidation and has identified a pattern in the process. They predict that the liquidations will continue to decrease in size over the next few weeks and will likely come to an end by mid-June. This timeline aligns with the end of the six-month ...