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JP Morgan spoke: “Bitcoin ETFs will arrive in a few months” Banking giant JP Morgan said that Bitcoin spot ETFs, which the crypto market has been eagerly awaiting, could be approved in a few months. Banking giant JP Morgan said that Bitcoin spot ETFs, which the crypto market has been eagerly awaiting, could be approved in a few months. Wall Street's popular banking giant, JP Morgan, commented on Bitcoin ETFs, which the entire crypto industry has been eagerly awaiting. JP Morgan, which published a research report the other day, stated that Bitcoin spot ETFs could be approved before January 10, 2024. JP Morgan pointed to January 10, 2024. This date is known as a date when the SEC will decide on Bitcoin spot ETFs. JP Morgan thinks that the SEC will no longer be able to ignore the market at the decision stage and will approve it. Bloomberg analysts made a similar comment. Analysts stated that there is a 90 percent probability that Bitcoin spot ETFs will be approved and this will happen soon. The cryptocurrency market continues to strengthen along with ETF news. These days, when global markets are moving uneasily, Bitcoin has experienced a meteoric rise. Bitcoin exceeded 29 thousand dollars in a short time. **It is not investment advice. $BTC $XRP $BNB

JP Morgan spoke: “Bitcoin ETFs will arrive in a few months”

Banking giant JP Morgan said that Bitcoin spot ETFs, which the crypto market has been eagerly awaiting, could be approved in a few months.

Banking giant JP Morgan said that Bitcoin spot ETFs, which the crypto market has been eagerly awaiting, could be approved in a few months.

Wall Street's popular banking giant, JP Morgan, commented on Bitcoin ETFs, which the entire crypto industry has been eagerly awaiting. JP Morgan, which published a research report the other day, stated that Bitcoin spot ETFs could be approved before January 10, 2024.

JP Morgan pointed to January 10, 2024. This date is known as a date when the SEC will decide on Bitcoin spot ETFs. JP Morgan thinks that the SEC will no longer be able to ignore the market at the decision stage and will approve it.

Bloomberg analysts made a similar comment. Analysts stated that there is a 90 percent probability that Bitcoin spot ETFs will be approved and this will happen soon.

The cryptocurrency market continues to strengthen along with ETF news. These days, when global markets are moving uneasily, Bitcoin has experienced a meteoric rise. Bitcoin exceeded 29 thousand dollars in a short time.

**It is not investment advice.

$BTC $XRP $BNB

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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⚡️ According to Santiment's report, artificial intelligence tokens are showing a strong outlook.
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Famous crypto analyst gave his May target for Bitcoin! Bitcoin, which has relaxed into a critical area with the increase in sell-side transactions, surprised everyone with the comments of experts. Bitcoin, which has relaxed into a critical area with the increase in sell-side transactions, surprised everyone with the comments of experts. However, one prominent analyst thinks that the asset has the potential to rise to $70,000 this month, a price it has not seen since April 12. On May 8, Adrian Zduńczyk, also known as “crypto_birb,” expressed his potential target for Bitcoin price in May to his 652,000 X followers. Additionally, the 200-day moving average broke above $50,000, an all-time high this week. Observing this, Bitcoin pioneer Anthony Pompliano said: “Don't fall asleep with Bitcoin moving sideways. “The long-term thesis is as strong as ever.” Zduńczyk added that the technical indicator now has a support level at this price. He said market sentiment is still in the “greed” phase and mining costs have stagnated, according to the Fear and Greed Index. Average gains in previous market cycles were around 15 percent in May. He concluded that opening the month at $60,600 meant his end-of-month forecast target was around $70,000. Another analyst, “Crypto Caesar”, stated that there is an arguable case for Bitcoin forming a major cup and handle pattern on the weekly time frame. “If Bitcoin starts trending above ATH this summer, I expect a strong upward move and potentially a shorter cycle,” he said. Earlier this week, Bitfinex reported that some onchain indicators suggest that short-term holders' selling pressure may be easing. Additionally, former BitMEX CEO Arthur Hayes said that markets will remain between $60,000 and $70,000 until August, when #BTC reaches $56,800. $BTC $ETH $BNB
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📊On May 7, the total net outflow of Bitcoin spot ETFs was 15 million dollars. •Net outflow in Grayscale ETF (#GBTC) is $29 million. •Fidelity ETF (#FBTC) experienced $4 million inflow. •Ark Invest ETF (#ARKB) experienced an inflow of $3 million.
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📣 Congressman Tom Emmer targeted Gary Gensler for his “egregious attempts to overextend the authority of the SEC and his clear bias towards the digital asset ecosystem.”
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Double-Digit Rise of Altcoins Also Ignited Bullish Predictions. The rise came after a resurgence in market forces led to an increase in market capitalization. Bitcoin's market cap is $1.2 trillion, while crypto assets reached $2.34 trillion after posting weekly gains. Double-digit inflows for most assets in the market followed the Fed meeting, which did not affect interest rates. Crypto users are predicting the beginning of a bull run in social media spaces, especially memecoins. However, some users still need to be convinced by recent altcoin flows due to periods of volatility. Solana (SOL) is up 20.6% this week after a period of poor results. The altcoin continued its gains by trading at $155 in the last 24 hours. Solana has made a name for itself lately by outperforming the market in bull runs based on various factors, including memecoin activity. Solana memecoins are also posting similar numbers in the market. Some assets are rising above 50% after weeks of outflows. SOL pared its monthly losses to 15% as bulls predicted a broader market run. Near, on the other hand, increased by 1.6% today and increased by 21.57% in total this week. Asset daily volumes rose 8% to over 590 million after the price surge to $7.49. Weekly gains above 20% sparked short-term trading, indicating improving macroeconomic factors. This rally can also be seen in crypto stocks, although most remain at single-digit gains. Other altcoins also led to a rally in the market leading to weekly predictions. Ripple (XRP) increased by 7.59%, while Cardano (ADA) and Avalanche (AVAX) increased by 3.37% and 4.17%, respectively. Memecoins recorded the biggest gains this week as expected due to inflows inspired by the high volatility craze. The leading memecoins of the last 24 hours are Bird Dog with an 83% gain, and FindMe and WSB Coin with 16.6% and 61% inflows respectively. $BTC $ETH $BNB
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