JPM strategists sees potential Bitcoin floor of around

11/10 04:45

Crypto markets face weeks of deleveraging in the fallout from the crisis at digital-asset exchange FTX.com, a period of upheaval that could push Bitcoin down to $13,000, according to JPMorgan Chase & Co. strategists. A “cascade of margin calls” is likely underway given the interplay between the exchange, its sister trading house Alameda Research and the rest of the crypto ecosystem, a team led by Nikolaos Panigirtzoglou wrote in a note.
bullishbullishbullish3bearishbearishbearish1LikeShare
DisclaimerThe content above does not represent HTX's positions.HTX does not provide any trading recommendations.

Related Articles

  • Image

    Bitcoin Capital Rotation Trend Shows Rare Signal For First Time This Bear Market

  • Image

    FTT jumps 26% – Traders, watch THESE signals before $1.30 test

  • Image

    Which tokens could FTX dump on the market?

All Comments0LatestHot

avatar
LatestHot

Related Articles

  • Image

    Bitcoin Capital Rotation Trend Shows Rare Signal For First Time This Bear Market

  • Image

    FTT jumps 26% – Traders, watch THESE signals before $1.30 test

  • Image

    Which tokens could FTX dump on the market?