JPMORGAN BITCOIN INVESTMENT
Frustrated with Trump's U.S. policy, Greenland rethinks investment alliances and considers China as an alternative
Greenland is reportedly re-evaluating its foreign investment options due to unease with the US under the Trump administration. Greenland's minister, Naaja Nathanielsen, expressed a desire for diverse partnerships, including European and American, but indicated openness to Chinese investment if traditional allies don't engage.
Crypto prices today: Bitcoin trades near $110,000 as geopolitical tensions ease; Altcoins jump up to 5%
Bitcoin hovered near $110,000 on Monday as easing geopolitical tensions and renewed institutional interest lifted crypto markets. The global crypto market cap rose 2% to $3.46 trillion, with Bitcoin up 2.1% and Ethereum gaining 3.6%. Analysts see resistance at $112,000, while altcoins like Avalanche, Cardano, and Dogecoin jumped up to 5%. Optimism around regulation, reduced supply, and corporate adoption supported the bullish momentum.
Bitcoin surges to all-time peak as crypto sentiment improves
Bitcoin reached a new record high, surpassing its previous peak. This surge is attributed to easing trade tensions and investors seeking alternatives to the dollar. Institutional momentum and a favorable regulatory environment are also contributing factors. JPMorgan will allow clients to buy Bitcoin. Despite a data breach probe, a price target of $150,000 in 2025 is anticipated.
Bitcoin surges past $107,500, just 2% shy of all-time high; Ethereum holds strong at $2,550
Bitcoin surged past $107,500 on Wednesday, nearing its all-time high, fueled by bullish sentiment and institutional inflows. Bitcoin futures open interest jumped, and U.S. spot Bitcoin ETFs saw continued net inflows. Ethereum has outperformed Bitcoin recently, testing the $2,500 resistance level, while altcoins like BNB, Solana, and Dogecoin also experienced gains.
Bitcoin trades above $106,000 as market shrugs off US credit downgrade; Ethereum, Chainlink jump over 7%
Bitcoin surged past $106,000, driven by Moody’s US credit downgrade, rising institutional adoption, and regulatory developments. JPMorgan enabling Bitcoin purchases and optimism around the GENIUS Act added momentum. Analysts highlight $107,500 as key resistance. Altcoins also gained, with Chainlink, Solana, and Avalanche leading the rally.
JPMorgan Chase to offer clients access to Bitcoin, despite CEO Dimon’s continued criticism
JPMorgan Chase will allow clients access to Bitcoin ETFs, marking a major shift despite CEO Jamie Dimon’s long-standing criticism of the cryptocurrency. While Dimon remains sceptical, likening Bitcoin to illicit activity, he supports clients’ right to invest. The move signals broader crypto acceptance in traditional finance amid regulatory easing under the Trump administration.
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US stock market today: Futures rebound as Trump rate cut push shakes markets; Dow jumps 230 points, Nasdaq gains, Bitcoin surges, gold spikes, and Wall Street tracks earnings, yields, and global momentum
US stock futures rise as Wall Street claws back from a heavy sell-off driven by Donald Trump's push for rate cuts. Dow futures jumped over 230 points, while S&P 500 and Nasdaq followed with solid gains. Investors are watching earnings reports, Treasury yields, and Bitcoin's breakout closely. Meanwhile, gold prices surged, Kimberly-Clark lowered its profit outlook, and Verizon lost more subscribers than expected. The market also saw fresh action in pharma, energy, and European stocks. This rally feels like a breather after a rough Monday — and there’s a lot more brewing underneath.
Orange Monday madness: Donald Trump’s tariff tsunami leads to bloodbath in global markets, wipes out portfolios, and shocks the economy as investors panic
Orange Monday market crash shook the world as Donald Trump’s sweeping tariffs triggered a financial firestorm. In one bold move, global markets tanked, portfolios vanished, and panic hit Wall Street. From hedge fund chaos to silver’s surprising potential, this story dives deep into how Trump's unexpected trade war sent shockwaves across the economy.
Time to pay in gold and silver? Zoho’s Sridhar Vembu urges reset of global trade amid Trump-led market meltdown
Zoho’s Sridhar Vembu has issued a stark warning on the fragility of the global financial system, likening it to a “house of cards” built on unsustainable US debt. As Trump’s tariffs roil markets and China pushes cheap exports, Vembu urges India to rethink its economic strategy. He calls for a gold-backed global trade system, a manufacturing sprint, and food-energy self-reliance. His proposals, grounded in pragmatism and nationalism, are a wake-up call amid intensifying global trade wars.
Donald Trump prescribes a dose of painful tariff ‘medicine’ as global markets wobble
Donald Trump’s sweeping global tariffs have sparked market turmoil, triggered political backlash, and drawn warnings of recession risks. The US President introduced universal import duties to reduce trade deficits, calling them a “beautiful thing.” Critics warn of higher prices and job losses, while countries scramble to respond. As global markets slide, over 50 nations have approached Washington seeking negotiations. Trump insists the pain is necessary to “fix” unfair trade. But lawmakers, allies, and economists question the long-term costs of his economic gamble.
US stock market plunges as Trump’s tariff threats shake global markets – Dow Jones drops 500 points, S&P 500 falls 1%, Nasdaq sinks 2%, tech stocks Slide, gold surges 20% amid recession fears
US stock market plunges After Trump’s Tariff Threats – U.S. stock markets tumbled as President Trump threatened tariffs on all trade partners. The S&P 500 fell 1% and the Nasdaq dropped 2%, dragging tech giants like Nvidia and Tesla down. Global markets also declined, while gold surged 20% amid economic fears. Analysts, including Goldman Sachs, warned of a 35% chance of a U.S. recession. As investors seek safe havens, bond yields fell, and oil prices rose despite global uncertainty. Trump is expected to announce the tariffs by Wednesday, causing widespread market anxiety.
Cryptoverse: Bitcoin's bear market hits newcomers hardest
Just weeks after hitting a six-figure all-time high, Bitcoin is now trading at around $80,000, down nearly a quarter from its January peak. At least 20 million new bitcoin addresses - about 1.5% of all bitcoin addresses in existence - have been created in the past three months, according to crypto data and analytics firm Glassnode.
Cryptoverse: Miners trudge through post-halving world
Bitcoin miners face challenges with halved mining rewards, increased difficulty, and competition from ETFs. Marathon Digital and Riot Platforms have seen stock drops amid bitcoin's price surge.
Global crypto assets report $500 million in weekly outflows
Grayscale Investments’s spot Bitcoin exchange-traded fund (GBTC), which converted from a trust following the SEC’s decision, led the outflows with $2.2 billion last week. That brings its total outflow since conversion to just over $5 billion as of Jan. 26, according to the report.
Bitcoin down 20% from post-ETF highs
Bitcoin has fallen over one fifth since its peak earlier this month, hit after the United States approved its first spot bitcoin exchange traded fund (ETF), as investors who had bought in expectation of the approval sold after the confirmation.
Warren Buffett is described by Peter Thiel as a "sociopathic grandfather from Omaha" and bitcoin's "enemy No. 1."
Warren Buffett is at the peak of an "enemies list" of those seeking to derail bitcoin, according to billionaire venture capitalist Peter Thiel, who spoke at a bitcoin meeting on Thursday.
Bitcoin slips towards $30,000 as strategists flag near-term risks
The near-term setup is “challenging,” a JPMorgan Chase & Co. team including Josh Younger and Veronica Mejia Bustamante wrote in a note Friday, while Fundstrat Global Advisors LLC’s David Grider recommended reducing risk or buying some protection.
Cryptocurrency is 'rat poison', institutional investors tell JPMorgan in survey
Billionaire investor Warren Buffett has in the past characterised bitcoin as "rat poison squared". One third in the JPMorgan survey agreed with that view. Another 16% thought it was a temporary fad.
More US finance giants tiptoe into crypto assets
JPMorgan, the biggest US bank by assets, is currently assessing how it can help clients transact in cryptocurrency, Dimon said last month at the bank's annual meeting.
Goldman offers new Bitcoin derivatives to Wall Street investors
The investment bank has opened up trading with non-deliverable forwards, a derivative tied to Bitcoin’s price that pays out in cash.
Bitcoin rebounds past $53,000 after hitting lowest since March
The largest cryptocurrency dropped as low as $47,079 in early Asia trading before rebounding. It was up 5.3% at $50,666.
Bitcoin volatility decline paves way for banks, JPMorgan says
Three-month realized volatility for the cryptocurrency has fallen to 86% after rising above 90% in February. The six-month measure appears to be stabilizing at around 73%.
Bitcoin surges to new highs, analysts warn about price sustainability
The world's biggest digital currency, which has a market capitalization of over $900 billion, hit a record $51,721.15, fueled by signs that it is winning acceptance among mainstream investors and companies, such as Tesla, Mastercard and BNY Mellon.
JPMorgan sees $146,000-plus bitcoin price as long-term target
For now, JPMorgan sees headwinds for the largest cryptocurrency, with indicators like a buildup of speculative long positions and an increase in investment wallets holding small amounts of Bitcoin showing potential froth.
Goldman says Bitcoin’s surging popularity won’t harm gold
Bitcoin has seen a blistering rally this month, exceeding $23,000 per token on Thursday, having only surpassed the $20,000 milestone for the first time on Wednesday.
JPMorgan says quant-fueled Bitcoin drop may have further to go
“The previous froth in momentum traders’ positioning has been cleared to a large extent,” they wrote, while adding momentum signals will continue to deteriorate unless Bitcoin recovers quickly.
Some call it a scam, others consider it an asset: What billionaires have to say about cryptocurrency
Read on to know the two sides of the coin.
Bitcoin guns for $10,000 as cryptocurrency mania intensifies
Bitcoin shows no signs of slowing down as it blows past $9,000 less than a week after topping $8,000.
He hated Bitcoin till 6 weeks back, now it's growing on Jamie Dimon
JPMorgan is gauging risks of facilitating client trades in CME Group's bitcoin futures contracts.
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