DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
JPMorgan Chase CEO Jamie Dimon warns of multiple headwinds threatening the US economy, urging investors to avoid a false sense of security. The bank maintains a cautious stance on crypto markets due to lack of positive catalysts and existing headwinds, including elevated positioning and high bitcoin prices compared to gold.
.@JPMorgan maintained its cautious view on crypto markets and said that although the recent sell-off was driven by retail investors, headwinds still remain. @willcanny99 reports. https://t.co/gBa4stfLG2
JPMORGAN'S NEAR-TERM CRYPTO EXPECTATIONS... - Having already predicted that #Bitcoin’s price would fall after April’s Halving event, the banking-giant has now explained that it is using a ‘cautious’ approach toward cryptocurrency in the short term. - According to the bank, this… https://t.co/UYtps4oz3j https://t.co/7P2sQ1PacN
JUST IN: JPMORGAN IS "CAUTIOUS" ON CRYPTO IN THE NEAR-TERM
