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 ...
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...
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.
JPMorgan cut its forecast for the number of Fed rate cuts this year from three to two.
The so-called "depreciation trade" pouring into gold and bitcoin will "persist" as investors brace for continued geopolitical uncertainty, JPMorgan said in a research note. The bank said that gold and bitcoin "appear to have become structurally more important assets in investors' portfolios as investors increasingly look for tools to hedge against geopolitical risk and inflation."
JP Morgan Chase released the latest research report, based on the performance of the third quarter and the rise in bitcoin prices and computing power, and upgraded the ratings of several bitcoin mining companies. Among them, Cipher Mining and CleanSpark were upgraded from "neutral" to "overweight", with target prices of $8 and $17 respectively; MARA Holdings was upgraded from "underweight" to "neutral", with target prices raised from $12 to $23. Affected by this, Cipher rose more than 4% before ...
Bitcoin, the US dollar and equities are the most vulnerable asset classes from an investor positioning perspective, JPMorgan analysts said in a report. Positions in bitcoin, the US dollar and equities look to be increasing as investors bet that these assets will rise. Elsewhere, bond and credit positions are near neutral, while commodity positions excluding gold are decreasing. "So from a positioning perspective, the most vulnerable asset classes going into 2025 are equities, the US dollar and b...
According to a research report released by JPMorgan Chase on Monday, as the price of bitcoin topped $99,500 last month, the share prices of some listed bitcoin mining companies also rose significantly. The report noted that the market capitalization of the 14 bitcoin miners tracked by JPMorgan increased by 52% month-on-month to $36.20 billion. Among the best performing companies in November, Singapore's Bitdeer shares rose 83% to $14.27 during the period. Overall, last month, shares of listed bi...
JPMorgan Chase expects silver prices to rise to $38 an ounce by the end of 2025.
According to industry sources quoted by TheInformation, investment bankers from leading Wall Street institutions such as JPMorgan Chase, Goldman Sachs, and Morgan Stanley have been meeting with cryptocurrency company executives in the hope of gaining the opportunity for cryptocurrency companies to conduct initial public offerings (IPOs) after the election. This enthusiasm reflects optimism that the market and regulatory conditions will improve after Donald Trump wins the US Presidential Election...
In a research note on Wednesday, JPMorgan noted that increasingly stringent stablecoin regulation could pose a significant challenge to Tether's market dominance. Under Europe's Crypto Asset Markets Act (MiCA), 60% of stablecoin reserves must be held in European banks, which could force Tether to adjust its reserve management strategy. Tether has previously come under regulatory scrutiny for its lack of transparency about the composition of its reserves, and the new regulations will further incr...
JPMorgan analysts have raised questions about the sustainability of the $12 billion inflows into crypto assets so far this year. They noted that while most of the money has been transferred through spot bitcoin exchange-traded funds (ETFs), they are skeptical about the sustainability of the inflows given the current high price of bitcoin relative to production costs and gold. Although annualized net inflows could reach $26 billion based on this trend, analysts remain skeptical, which is in line ...