JPMorgan Warns of Bitcoin Crash as Market Faces "Death Cross" and Weak Demand

21.02.2025 7 times read 0 Comments

JPMorgan Warns of Bitcoin Price Suppression Amid Market Uncertainty

According to a report by Forbes, Bitcoin's price has been stagnant, trading below $100,000, as traders await significant announcements from the U.S. administration. Influential figures like Samson Mow, CEO of Jan3, have raised concerns about potential "price suppression" as Bitcoin approaches a "death cross," a technical indicator that could signal a price crash. JPMorgan analysts have also highlighted weakening institutional demand for Bitcoin and Ethereum futures, which they see as a bearish signal for the market. The analysts noted that futures prices might fall below spot prices, a situation last observed in mid-2024. Additionally, Tyler Richey from Sevens Report Research warned that Bitcoin could drop to $73,400 if it breaks its key support level of $91,500.

Meanwhile, Abu Dhabi's $1 trillion sovereign wealth fund has invested $436 million in BlackRock's Bitcoin ETF, signaling a global race for Bitcoin adoption. Despite this, the crypto fear and greed index has entered "fear" territory, reflecting dampened market sentiment. For more details, visit Forbes at https://www.forbes.com/sites/digital-assets/2025/02/20/serious-bitcoin-price-suppression-warning-adds-to-death-cross-crash-fear/.

CryptoDaily reports that Bitcoin briefly dipped below $95,000, reaching a low of $93,487 before recovering to $95,100. Ethereum is trading just under $2,700, while Solana and Dogecoin have seen declines of nearly 5% and 2%, respectively. The overall crypto market cap has dropped by 1.50%, now standing at $3.13 trillion. Grayscale has launched a new trust focused on the Pyth Network, aiming to provide investors with opportunities in the Solana ecosystem. Additionally, Norwegian authorities have indicted four individuals for a crypto investment scam that defrauded victims of over $80 million.

For a detailed analysis of the market trends and updates, visit CryptoDaily at https://cryptodaily.co.uk/2025/02/crypto-price-analysis-2-19-bitcoin-btc-ethereum-eth-solana-sol-dogecoin-doge-dogwifhat-wif-arbitrum-arb-hedera-hbar.

Institutional Investors Triple Bitcoin ETF Holdings

Coinbase Bytes highlights that institutional investors have significantly increased their holdings of spot Bitcoin ETFs, reaching $38.7 billion in Q4 2024. Major players like Goldman Sachs and the Bank of Montreal have made substantial investments, with Goldman Sachs holding $2 billion in crypto ETFs. Abu Dhabi's sovereign wealth fund also disclosed a $436.9 million purchase of Bitcoin ETF shares. Despite this, Bitcoin's price has faced volatility, recently dropping to $93,000 before recovering. Analysts remain optimistic about Bitcoin's long-term potential, with expectations of increased institutional inflows in 2025.

For more insights, refer to Coinbase Bytes at https://www.coinbase.com/bytes/archive/giant-funds-are-buying-more-btc.

Bitcoin and Ethereum Face Downside Risks

Benzinga reports that JPMorgan analysts have raised concerns about declining institutional demand for Bitcoin and Ethereum futures. This trend could lead to broader market weakness, with futures prices nearing backwardation, where they trade below spot prices. The total crypto market cap has dropped by 15% since December, now at $3.1 trillion. Analysts attribute the decline to profit-taking by institutional investors and a lack of immediate regulatory developments. Ethereum's price signals have already turned negative, and Bitcoin's indicators are also trending downward.

For the full report, visit Benzinga at https://www.benzinga.com/markets/cryptocurrency/25/02/43852658/bitcoin-ethereum-face-downside-risk-as-institutional-demand-fades-jpmorgan-says.

XRP Gains Momentum Amid Brazilian ETF Approval

According to FX Empire, XRP has shown resilience, rallying 14% last week following the approval of an XRP-spot ETF in Brazil. This marks a significant milestone for XRP, as it becomes the first Latin American ETF of its kind. However, uncertainty surrounding the SEC's appeal in the Ripple case continues to weigh on XRP's performance. Analysts suggest that an XRP-spot ETF approval in the U.S. could push prices toward $5, while a continued SEC appeal might lead to a decline below $1.50.

For more information, visit FX Empire at https://www.fxempire.com/forecasts/article/xrp-news-today-sec-disbands-crypto-unit-what-it-means-for-ripple-btc-eyes-100k-1499267.

Franklin Templeton Launches EZPZ ETF for Bitcoin and Ethereum

Decrypt reports that Franklin Templeton has introduced the EZPZ ETF, offering weighted exposure to Bitcoin and Ethereum. The ETF allocates 82% to Bitcoin and 18% to Ethereum, providing a diversified approach to crypto investments. Despite its smaller market share compared to BlackRock's iShares Bitcoin ETF, Franklin Templeton's digital assets arm continues to innovate, having previously launched tokenized money-market funds on Polygon and Stellar. The EZPZ ETF aims to provide a low-cost entry point for investors into the crypto market.

For further details, visit Decrypt at https://decrypt.co/307149/franklin-templeton-expz-etf-bitcoin-ethereum.

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