Bitcoin Rallies to $105,000 as Fed Chair Powell Signals Support for Crypto Banking
Bitcoin surged 4.5% following the Federal Reserve's decision to maintain interest rates, reaching $105,000. The rally was amplified by Fed Chair Powell's unexpected pro-crypto comments supporting banks serving cryptocurrency customers, marking a significant shift in regulatory stance.
JPMorgan Predicts Bitcoin's Market Dominance Will Extend Through 2025
JPMorgan analysts forecast Bitcoin to maintain its cryptocurrency market leadership position through 2025, citing institutional adoption and its role as digital gold. The analysis points to MicroStrategy's massive acquisition plans and Bitcoin ETFs as key drivers supporting continued dominance.
JPMorgan Predicts $15B Investment Surge for Solana and XRP Exchange Products
JPMorgan analysts forecast potential $15 billion inflows into Solana and XRP exchange-traded products, drawing parallels to Bitcoin and Ethereum adoption patterns. Despite regulatory hurdles in the US, recent data shows growing investor interest with XRP and Solana products attracting significant investments in early 2024.
Ethereum Surges 8%: Analysts Eye $6,000 Target Amid Institutional Interest
Ethereum's price jumps 8% in 24 hours, reaching $2,950. Analysts predict potential highs of $6,000 to $13,000, backed by increased institutional interest and futures market activity.
JPMorgan Unveils Kinexys: Blockchain Platform Expands to On-Chain FX Settlement
JPMorgan rebrands its blockchain platform as Kinexys, introducing on-chain FX settlement for USD and EUR. This move signals a major step towards blockchain integration in global financial systems, potentially revolutionizing international money transfers.