Bitcoin price loses traction as miner profits drop and spot BTC outflows persist
Bitcoin has lost more than 10% in the past two weeks as fear of a US recession, spot Bitcoin ETF outflows and the threat of miner capitulation grows.
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Bitcoin has lost more than 10% in the past two weeks as fear of a US recession, spot Bitcoin ETF outflows and the threat of miner capitulation grows.
Cheeky Crypto highlighted a growing financial concern involving three of the largest banks in the U.S.: JP Morgan Chase, Wells Fargo, and Bank of America. Together, these institutions have hemorrhaged $5 billion as they seek to rid themselves of the non-performing assets that stem mainly from credit card defaults. This has led to more concerns […]
Traders and investors across the world are quite worried about JPMorgan’s recent comments on Fed rate decreases. Even if speculation about future interest rate reduction is at an all-time high. The head of global and European equity strategy at JPMorgan today downplayed the likelihood of a bull market. The announcement
Jamie Dimon, CEO of the financial juggernaut JPMorgan Chase, has consistently derived Bitcoin and once again expressed his dislike for the preeminent crypto.
For now, the advisory platform is only recommending ETFs from BlackRock and Fidelity.
Morgan Stanley, one of the largest investment banks in the United States, has announced that it will soon allow its 15,000 financial advisors to offer Bitcoin ETF (exchange-traded fund) products to eligible clients. Interestingly, this is the first time a major Wall Street bank has given its wealth management division the green light to promote [...]
The post Morgan Stanley Authorizes Advisors To Offer Bitcoin ETF Products, Report appeared first on Crypto Breaking News.
On Friday, Morgan Stanley announced a significant shift in its financial services, becoming the first major Wall Street bank to allow its financial advisors to offer Bitcoin exchange-traded funds (ETFs) to qualified clients. This move is set to take effect on August 7, and will enable the banks 15,000 advisors to recommend two specific BTC […]
A recent research from JPMorgan states that Bitcoin miners are finding it difficult to maintain profit due to the April halving of the Bitcoin network and increasing power prices. According to a report written by analysts Reginald Smith and Charles Pearce, the Q2 of 2023 was a historic quarter for
BTC miners are struggling to adapt to a post-halving environment.
In an unexpected twist of events, Cardano (ADA) has officially been ousted from the top 10 cryptocurrencies by market capitalization. The popular altcoin has also been usurped by Tron (TRX), marking a significant shift in the crypto market. Cardanos Fall From Grace According to reports from CoinMarketCap, Cardano has dropped out of the top 10 [...]
The post Cardano Kicked Out Of Top 10 Crypto By Market Cap, Whats Going On? appeared first on Crypto Breaking News.
The JPMorgan boss didnt mention any candidates by name, but his message left little doubt about whom he was referring to.
Winning over the $3.75-trillion financial advisory firm is a historic milestone for crypto.
Morgan Stanley will be the first major Wall Street bank to permit its financial advisors to offer spot Bitcoin exchange-traded funds (ETFs), CNBC reported on Aug. 2, citing sources familiar with the matter. This decision enables Morgan Stanley’s over 15,000 financial advisors to sell shares of BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin […]
The post Morgan Stanley first in Wall Street to authorize spot Bitcoin ETFs for wealthy clients appeared first on CryptoSlate.
The US banking behemoth has chosen only two Bitcoin ETF providers.
Starting Wednesday, Morgan Stanley's financial advisors can solicit eligible clients to purchase shares of BlackRock and Fidelity's spot Bitcoin ETFs.
Morgan Stanley's move could accelerate Bitcoin's integration into traditional finance, potentially influencing other major banks to follow suit.
The post Morgan Stanley greenlights Bitcoin spot ETF offerings for wealth advisors appeared first on Crypto Briefing.
Investment advisers are expanding their spot Bitcoin ETF holdings, but Coinbase warns that large inflows might not be seen immediately due to the slow summer period in the United States.
Coinbase's latest report highlights a rise in institutional inflows into U.S. spot Bitcoin ETFs, signaling growing interest from the investment advisor sector despite recent market downturns.
The investment firm disclosed to the SEC that it held more than 5.5 million shares of the iShares Bitcoin Trust in the second quarter of 2024.
Fear of a global economic recession continues to drive investors away from risk-on assets like Bitcoin.
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