According to a JPMorgan report, institutional and retail bitcoin flows balanced throughout the first quarter of 2021. JPMorgan Analysis Details Retail investors accumulated over 187,000 Bitcoins this quarter as a proxy using Square and Paypal data, compared to approximately 205,000 last quarter, strategists, including Nikolaos Panigirtzoglou, in a report on Friday. Meanwhile, over the periodRead More origin »
Today, Bitcoin is keeping around $33,000 after recording an approximately 30% correction from January's all-time high of $42,000. The mainstream media and the likes of Scott Minerd of Guggenheim and JPMorgan are getting skeptical of this bull run extended further.
Money is flowing into Bitcoin from both institutional and retail while the corrections are “partly driven by momentum traders in futures spikes,” said Nikolaos Panigirtzoglou.
The post Retail is Mostly Speculative, But Institutional Flow is Surging ‘In A Very Strong Way’ – JPMorgan Strategist first appeared on BitcoinExchangeGuide.
Bitcoin, the top most digital currency by market cap, has continued to make giant strides since it broke its previously set all-time high of about $20,000, set at the end of the 2017 bull run. The privacy-centric, limited, and gold-like asset has caught the attention of retail traders and institutional traders alike. Those who have […]
Bitcoin’s (BTC) potential was following the world’s largest currency ever since the moment it was launched. However, while this was immediately clear to retail crypto users, institutions took a significantly longer period to be convinced.
JPMorgan has highlighted evidence of institutional demand for bitcoin and investors moving from gold exchange-traded funds (ETFs) to the cryptocurrency. The firm points out that bitcoin demand is driven not only by younger retail investors but also by institutional investors, such as family offices and asset managers.
Coinspeaker JPM Stock Up 0. 57%, JPMorgan Reports Strong Q2 Earnings Despite Uncertainty in EconomyJPMorgan's corporate and investment banking businesses did pretty well during the pandemic period which helped the Wall Street giant to offset the losses of its consumer retail and commercial business.
Australian computer scientist and self-proclaimed Bitcoin inventor Craig Wright is facing a contempt of court case over his lawsuit against BTC Core developers and Jack Dorsey’s Square. UK Judge James Mellor put Wright’s lawsuit on hold until the application is resolved on December 18.
Биткоин поднялся на восьмую позицию в рейтинге самых крупных активов мира и обошел рыночной капитализацией второй по ценности драгметал – серебро. Изменения видны на графиках сервиса Companies Market Cap,
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Block Releases Q1 2023 Report Showing Cash App Bitcoin Revenue Rise 18% from Q4 2022 to Over $2B
Block saw increased earnings on several fronts for Q1 2023 due to the success of its other businesses, including Cash App and Square.
This week’s Crypto Biz explores Canada’s new crypto conglomerate, the recent premature passing of the Cash App creator in San Francisco, as well as DOGE news, and U.K. crypto challenges.
Bob Lee, who previously held the position of Chief Technology Officer at Square and was also behind the development of Cash App, passed away on Tuesday, April 4, due to injuries sustained from a stabbing incident that occurred in San Francisco.