Cryptocurrencies suffered a mini-flash-crash at the beginning of the week. This move sent BTC / USD to a minimum of $ 3,433, but then digital coin No. 1 quickly jumped back. Similar movements were seen in Ethereum and Ripple.
The rest of the week was stable, surprisingly amid negative news. JP Morgan analysts believe that the value of cryptocurrency is “unproven” and that the price of BTC / USD could fall to $ 1,260. They prefer other assets, even in the event of a deep financial crisis. In their opinion, gold and the US dollar are more liquid, and they are easier to access and complete transactions.
A global bank invested in blockchain technology, but its boss, Jamie Dimon, was openly against Bitcoin.
Another “dismal” event is related to the CBOE request in collaboration with VanEck and SolidX about Bitcoin-ETF. They withdrew a bid to change the rules, which was postponed again and again.
Earlier, the delay in accepting Bitcoin-ETF had a negative effect on the prices of digital assets. This time the markets ignore this event, and this is a sign of sustainability.
What will be the next Bitcoin growth catalyst? Write your opinion in the comments below!
