JPMorgan Sees ‘Bullish Outlook’ for Bitcoin as Inflation Concerns Push BTC Price Higher

Global investment bank JPMorgan says inflation concerns are pushing the price of bitcoin to record highs, rather than interest in recently launched bitcoin futures exchange-traded funds (ETFs). Noting that investors are pulling out of gold ETFs into bitcoin funds, the firm noted, “The flow shift remains intact supporting a bullish outlook for bitcoin into year-end.” … Read moreJPMorgan Sees ‘Bullish Outlook’ for Bitcoin as Inflation Concerns Push BTC Price Higher

China’s Latest Anti-Crypto Transaction Stance Raises New Concerns for Chinese Users

China last week declared all cryptocurrency-related business transactions as illegal financial activities. Added to the Evergrande crisis, the new statement – as issued by the Chinese authorities – adversely affected the crypto market causing a sharp drop to be recorded across the board. The entire market cap dropped below the $2 tln mark and it also brought hashprice down … Read moreChina’s Latest Anti-Crypto Transaction Stance Raises New Concerns for Chinese Users