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Mr. Michel, global head of fixed income at JPMorgan Asset Management, said the Fed, which is struggling with inflation, was likely to accept that "stagflation" was possible.
According to a report by CoinDesk, a research report released by JPMorgan Chase (JPM) on Monday shows that in the first two weeks of March 2025, the hashrate of the Bitcoin network increased by 2 EH/s, reaching an average of 811 EH/s. The report pointed out that US-listed mining companies maintained a share of about 30% of the network's hashing power. At the same time, the average price of bitcoin fell by about 10% during the period, putting pressure on the mining economy. Hashing power prices (...
JP Morgan Chase announced the update of bitcoin mining company ratings and stock price targets based on the fourth quarter of 2024 results report, mainly including: Upgrade the IREN rating from neutral to overweight, but lower its target price from $15 to $12. 2. Downgrade Cipher Mining's rating from overweight to neutral, while withdrawing its $8 target price. 3. Reiterated its overweight rating on Riot Platforms and CleanSpark, and lowered their price targets to $13 and $12, respectively. 4. M...
Economists at JPMorgan, the Wall Street investment bank, raised the risk of a US recession this year to 40 per cent from 30 per cent in early 2025. "Due to extreme US policies, we believe the risk of a US recession this year is high," the analysts wrote. The news follows news that Morgan Stanley economists last week cut their US growth forecasts and raised their inflation forecasts. The bank forecasts US GDP growth of just 1.5 per cent in 2025 and 1.2 per cent in 2026. Goldman Sachs economists a...
Economists at JPMorgan Chase, the Wall Street investment bank, raised the risk of a recession this year to 40% from 30% in early 2025. Due to the extreme policies of the United States, we believe that the risk of a recession in the United States this year is very high. Morgan Stanley economists last week cut their economic growth forecasts and raised their inflation forecasts. The bank forecasts GDP growth of just 1.5% in 2025, falling to 1.2% in 2026. In addition, Goldman Sachs economists also ...
JPMorgan Securities raised its end-of-year forecast for Japan's benchmark 10-year bond yield to 1.7% from 1.55% at the end of January, arguing that U.S. policy could pose a variety of risks. Forecasts that the Bank of Japan will raise interest rates in June and December, but possible U.S. action may complicate the situation; if tariffs weigh on global economic growth, it could hinder the Bank of Japan from raising interest rates, but if Japan is accused of devaluing the yen, it may rush to raise...
A team of strategists led by JPMorgan's Meera Chanda has recommended shorting the dollar for the first time in a year.
According to JPMorgan, there is less than a 50% chance that the U.S. strategic cryptocurrency reserve will be approved, and tokens like XRP, Solana (SOL), and Cardano (ADA) are unlikely to be included. Nikolaos Panigirtzoglou, managing director of global market strategy at JPMorgan Chase, said in an interview: "We don't think approval of the US strategic cryptocurrency reserve is the most likely scenario [assuming congressional approval is required]. So we think it's less than 50 per cent likely...
JPMorgan Chase said that bitcoin will continue to be under pressure in the short term.
Analysts at JP Morgan wrote in their latest cryptocurrency report that the combined market capitalization of 14 of the top publicly traded U.S. miners fell by 22 percent -- $6 billion -- in February alone. Companies tracked by the top investment bank include Core Scientific, Greenidge, and MARA Holdings, among others. The JPMorgan report also pointed to a decline in revenue for these companies, with analysts at the bank predicting that bitcoin miners earned an average of $54,300 per EH/s in dail...
12:00-21:00 Keywords: Deribit, Vitalik, JPMorgan Chase, Metaplanet 1. Kaito AI: KAITO token application is open; 2. Sources: Deribit is still in talks with Kraken about an acquisition. 3. Vitalik: The priority for Ethereum should be to improve interoperability between L2s. 4. Stacks: More than two-thirds of Bitcoin L2 projects will cease to exist within three years. 5. JPMorgan Chase: Demand for BTC and ETH futures has weakened, and the crypto market faces short-term downside risks. 6. Metaplane...
On February 13, Tether CEO Paolo Ardoino wrote that JPMorgan analysts were unhappy because they did not own bitcoin. Previously, JPMorgan analysts reported that in order to comply with proposed stablecoin regulations in the United States, Tether may need to sell some non-compliant assets - including bitcoin, precious metals, corporate paper and secured loans.
Analysts at JPMorgan estimate that only 66% to 83% of Tether's reserves are compliant with proposed US stablecoin regulations and may require an asset restructuring. If the regulations are passed, analysts say Tether may need to sell bitcoin and other non-compliant assets in favor of buying US Treasuries and liquid reserves.
According to the latest 13F form filed with the Securities Exchange Commission (SEC), as of December 31, 2024, the total value of JPMorgan's crypto assets held through ETFs reached $1 million, an increase of about 69% from $595,326 in the previous quarter. Bitcoin ETF holdings are worth $964,322, and the bank holds 5,242 shares of BlackRock IBIT, worth $278,094; ProShares BITO shares are worth $527,502; new Bitwise BITB shares are worth $65,881; at the same time, it has significantly reduced its...
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