Bitcoin NewsEthereum NewsNFT NewsDeFi NewsAltcoin NewsBlockchain NewsPress Releases Sponsored Cryptonews Deals Industry Talk ICO newsFinance NewsTechnology News
No Result
View All Result
Friday, February 3, 2023
  • Login
  • News Story
  • Blockchain
  • Cryptocurrency
    • Exchanges
  • NFT
  • Metaverse
  • DAO
  • Listicle
Subscribe
Bitcoin NewsEthereum NewsNFT NewsDeFi NewsAltcoin NewsBlockchain NewsPress Releases Sponsored Cryptonews Deals Industry Talk ICO newsFinance NewsTechnology News
  • News Story
  • Blockchain
  • Cryptocurrency
    • Exchanges
  • NFT
  • Metaverse
  • DAO
  • Listicle
No Result
View All Result
Bitcoin NewsEthereum NewsNFT NewsDeFi NewsAltcoin NewsBlockchain NewsPress Releases Sponsored Cryptonews Deals Industry Talk ICO newsFinance NewsTechnology News
No Result
View All Result
ADVERTISEMENT
Home News Story

JPMorgan is bullish on the future of the cryptocurrency market

by Ashutosh Thakur
October 19, 2022
in News Story
131
0
Jpmorgan Est Optimiste Sur Lavenir Du Marche Des Crypto Monnaies 01
153
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

RelatedPosts

BNB Chain becomes the largest layer 1 blockchain in the world!

Weekly Crypto #221 – Bitcoin and cryptocurrency news of the week

Sam Bankman-Fried faces extradition to US

The cryptocurrency craze has motivated thousands of businesses around the world to accept these digital assets as payment and has attracted millions of investors across the globe. However, a recent study by JPMorgan Chase highlights the marked slowdown in demand for cryptocurrencies as a means of payment. Is this the end of the craze for bitcoin, ether, dogecoin and shiba inu to name but a few examples?

The causes of the fall of the cryptocurrency market

JPMorgan, one of the most famous American banks, has confirmed that the fall in the cryptocurrency market and bitcoin in particular is likely to continue.

Indeed Takis Georgakopoulos head of global payments at JPMorgan Chase & Co recently shared an analysis presenting an overview of the situation of the last six months of the crypto market.

He thus pointed out that cryptocurrencies have aroused a lot of curiosity among investors, especially in 2021, but that there has been a marked slowdown in demand on the virtual currency market for several months.

This poor macroeconomic situation can be explained by several factors according to Takis Georgakopoulos. The first is the conflict in Ukraine, record inflation in the United States and the energy crisis in Europe.

The second is linked to central banks which have raised their interest rates several times. This had a direct impact on financial markets at large (within centralized and decentralized finance).

The end of an accommodating monetary policy for many years on the part of the Fed has impacted Wall Street and the stock markets Europeans, which have fallen sharply.

This has also had an impact on other asset classes like cryptocurrencies which have benefited from favorable central bank monetary policies since the end of the 2018 financial crisis.

The third is a phenomenon very specific to cryptocurrencies. Indeed, a large South Korean project has literally exploded in midair, partly due to the crash of the crypto market.

The project in question is Earth (MOON)which in turn led to an even steeper drop in the cryptocurrency market.

In addition, the crypto bear market has a negative impact on the psychology of investors, which explains why crypto-currencies such as bitcoin and ether, for example, are struggling to regain their highest level.

For the moment, the most confident continue to keep their coins et tokens where other traders and investors resell part of their digital assets to bail themselves out.

Despite this pessimism surrounding the cryptocurrency market, banking giant JPMorgan says it will continue to offer cryptocurrency financial services.

We also note that JPMorgan has declared that the decline in the crypto market and bitcoin (BTC) in particular could only be temporary.

It is in the latest report from Bloomberg that analysts at JPMorgan put forward an optimistic forecast for cryptocurrencies and bitcoin in the long term. The future will tell if they were right.

Read also : Justin Sun and Sam Bankman-Fried would be the buyers of Huobi Global

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe

Related Posts

Bnbchain
News Story

BNB Chain becomes the largest layer 1 blockchain in the world!

December 23, 2022
1.9k
Hebdocrypto2022 V1 3
News Story

Weekly Crypto #221 – Bitcoin and cryptocurrency news of the week

December 17, 2022
1.9k
Sam Bankman Fried Risque Une Extradition Vers Les Usa 01
News Story

Sam Bankman-Fried faces extradition to US

December 17, 2022
1.9k
Action Acheter 2023
News Story

Which stocks to buy in 2023? Top 3 promising actions for the new year!

December 17, 2022
1.9k
Gamestop Wallet Eth Ethereum 1
News Story

Cryptos: Gamestop turns away from blockchain games after big losses

December 11, 2022
1.9k
Ledger Presente Son Nouveau Wallet Crypto Nomme Ledger Stax 01
News Story

Ledger presents its new crypto wallet called Ledger Stax

December 11, 2022
1.9k
Load More
  • Trending
  • Comments
  • Latest
-The Blockchain Cafe

Write for us – guest post

April 14, 2022
Celcryptocrash

Important Update On The Celsius Network

June 14, 2022
Tcs-The Blockchain Cafe

TCS roll-outs Quartz DevKit to help businesses build blockchain applications 40% faster

December 4, 2021
Quorums And Quorum Slices -The Blockchain Cafe

What Are Quorums and Quorum Slices?

December 4, 2021
The Blockchain Cafe

10 Things A Crypto Beginner Should Know

0
The Blockchain Cafe

Ethereum: 10 Things You Did Not Know

0
The Blockchain Cafe

What Is Ripple: Complete Guide For Beginners

0
Sto-The Blockchain Cafe

What Is Security Token Offering (STO)?

0
Bnbchain

BNB Chain becomes the largest layer 1 blockchain in the world!

December 23, 2022
Banque Crypto 1

The New Crypto Limit Standards 2025: What Will Change?

December 21, 2022
Hedera Nft

Hedera prepares to tap into the next big NFT wave

December 21, 2022
Ftx Recouvrement Don

FTX affair: donations made to politicians to be returned at all costs

December 20, 2022
Bitcoin NewsEthereum NewsNFT NewsDeFi NewsAltcoin NewsBlockchain NewsPress Releases Sponsored Cryptonews Deals Industry Talk ICO newsFinance NewsTechnology News

© 2022 The Blockchain Cafe - Designed and Maintenance by The Blockchain Cafe.

Navigate Site

  • News Story
  • Blockchain
  • Cryptocurrency
  • NFT
  • Metaverse
  • DAO
  • Listicle

Follow Us

No Result
View All Result
  • News Story
  • Blockchain
  • Cryptocurrency
    • Exchanges
  • NFT
  • Metaverse
  • DAO
  • Listicle

© 2022 The Blockchain Cafe - Designed and Maintenance by The Blockchain Cafe.

Welcome Back!

Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version