Community Articles
via CoinDesk · By CoinDesk Staff
Bitcoin price analysis: JPMorgan says debasement trade has fallen out of favor
BTC
BTC/USDT
$63,100.90
+0.16%
$63,100.90
+0.16%
(24s)24h Volume
$2,092,982,940.89
24h H/L
$63,175.00 / $62,968.45
Change: $206.55 (0.33%)
Long/Short
68.0%
Long: 68.0%Short: 32.0%
Funding Rate
+0.0033%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(01:38 PM UTC)
1 min read
'Debasement trade’ falls out of favor as inflation fears cool, JPMorgan says
Investors are abandoning bitcoin and gold, perhaps sensing a coming end to Middle East hostilities.
The “debasement trade” that drove strong demand for bitcoin BTC$73,580.34 and gold during recent geopolitical tensions is beginning to lose momentum, according to JPMorgan analysts led by Nikolaos Panigirtzoglou.
In a report…
Add COINOTAG as a Preferred Source
Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.
Add on GoogleComments
Comments