Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
No Result
View All Result

Banking Crisis Validates Crypto Ecosystem: JP Morgan | coindesk JAPAN

Altszn.com by Altszn.com
April 14, 2023
in Bitcoin
0
Banking Crisis Validates Crypto Ecosystem: JP Morgan | coindesk JAPAN
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

Despite recent regulatory headwinds, the cryptocurrency market has risen strongly over the past month with Bitcoin (BTC) outperforming, JPMorgan said in a research report last week. there is

The bank notes that Bitcoin, the largest crypto asset by market capitalization, has risen alongside gold as both are seen as a hedge against a “catastrophic scenario.”

Recent problems in the banking sector have also “exposed weaknesses in the traditional financial system, such as its susceptibility to bank runs,” wrote JPMorgan analysts led by Nikolaos Panigirtzoglou.

“The US banking crisis and significant outflow of funds from bank deposits to money market funds (MMFs) are seen by crypto advocates as proof of the legitimacy of the crypto ecosystem,” the report states. there is

Bitcoin has also benefited from the announcement of Bitcoin’s Ordinals two months ago. There is also an opinion that Ordinals will raise transaction fees and increase income for miners.

JP Morgan says the most significant support for Bitcoin comes from growing investor interest in the mining reward halving event scheduled for April 2024.

“This will mechanically double the cost of Bitcoin production to around $40,000, which will have a positive psychological effect,” the report said. It has acted as a valid floor for prices,” he added.

|Translation: coindesk JAPAN
|Editing: Toshihiko Inoue
|Image: Shutterstock
|Original: US Banking Crisis May be Vindication for Crypto Ecosystem: JPMorgan



[ad_2]

Read More: bitcoinwarrior.net

Tags: bankingBitcoinBTCCoinDeskcrisisCryptoEcosystemJapanMorganValidates
ADVERTISEMENT

Recent

VIRTUAL Rallies Ahead of First Ethereum-Based AI Agent Launch

VIRTUAL Rallies Ahead of First Ethereum-Based AI Agent Launch

June 15, 2025
Is it the future of finance?

Is it the future of finance?

June 15, 2025
U.S. Lawmakers Unveil CLARITY Act Regulating Digital Assets

U.S. Lawmakers Unveil CLARITY Act Regulating Digital Assets

June 10, 2025

Categories

  • Bitcoin (4,022)
  • Blockchain (9,697)
  • Crypto (7,623)
  • Dark Web (269)
  • DeFi (7,587)
  • Ethereum (3,985)
  • Metaverse (5,645)
  • Monero (154)
  • NFT (502)
  • Solana (4,723)
  • Web3 (18,246)
  • Zcash (406)

Category

Select Category

    Advertise

    Advertise your site, company or product to millions of web3, NFT and cryptocurrency enthusiasts. Learn more

    Useful Links

    Advertise
    DMCA
    Contact Us
    Privacy Policy
    Shipping & Returns
    Terms of Use

    Resources

    Exchanges
    Changelly
    Web3 Jobs

    Recent News

    VIRTUAL Rallies Ahead of First Ethereum-Based AI Agent Launch

    VIRTUAL Rallies Ahead of First Ethereum-Based AI Agent Launch

    June 15, 2025
    Is it the future of finance?

    Is it the future of finance?

    June 15, 2025

    © 2022 Altszn.com. All Rights Reserved.

    No Result
    View All Result
    • Home
      • Home – Layout 1
      • Home – Layout 2
      • Home – Layout 3

    © Altszn.com. All Rights Reserved.

    • bitcoinBitcoin (BTC) $ 107,336.00
    • ethereumEthereum (ETH) $ 2,428.40
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.19
    • bnbBNB (BNB) $ 646.80
    • solanaSolana (SOL) $ 147.21
    • usd-coinUSDC (USDC) $ 0.999803
    • tronTRON (TRX) $ 0.275643
    • dogecoinDogecoin (DOGE) $ 0.163076
    • staked-etherLido Staked Ether (STETH) $ 2,426.84
    • cardanoCardano (ADA) $ 0.560527
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 107,198.00
    • hyperliquidHyperliquid (HYPE) $ 37.20
    • wrapped-stethWrapped stETH (WSTETH) $ 2,929.58
    • bitcoin-cashBitcoin Cash (BCH) $ 496.63
    • suiSui (SUI) $ 2.73
    • chainlinkChainlink (LINK) $ 13.17
    • leo-tokenLEO Token (LEO) $ 9.08
    • avalanche-2Avalanche (AVAX) $ 17.71
    • stellarStellar (XLM) $ 0.237721
    • usdsUSDS (USDS) $ 0.999653
    • the-open-networkToncoin (TON) $ 2.84
    • shiba-inuShiba Inu (SHIB) $ 0.000011
    • whitebitWhiteBIT Coin (WBT) $ 46.60
    • wethWETH (WETH) $ 2,428.25
    • litecoinLitecoin (LTC) $ 85.59
    • wrapped-eethWrapped eETH (WEETH) $ 2,600.38
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
    • hedera-hashgraphHedera (HBAR) $ 0.148276
    • moneroMonero (XMR) $ 316.07
    • bitget-tokenBitget Token (BGB) $ 4.67
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • polkadotPolkadot (DOT) $ 3.35
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 107,393.00
    • uniswapUniswap (UNI) $ 7.06
    • pi-networkPi Network (PI) $ 0.532342
    • pepePepe (PEPE) $ 0.000009
    • aaveAave (AAVE) $ 256.18
    • daiDai (DAI) $ 0.999943
    • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
    • aptosAptos (APT) $ 4.81
    • okbOKB (OKB) $ 50.07
    • bittensorBittensor (TAO) $ 326.13
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • jito-staked-solJito Staked SOL (JITOSOL) $ 178.46
    • nearNEAR Protocol (NEAR) $ 2.11
    • internet-computerInternet Computer (ICP) $ 4.74
    • crypto-com-chainCronos (CRO) $ 0.080688
    • ethereum-classicEthereum Classic (ETC) $ 16.16
    • susdssUSDS (SUSDS) $ 1.06
    • bitcoinBitcoin (BTC) $ 107,336.00
    • ethereumEthereum (ETH) $ 2,428.40
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.19
    • bnbBNB (BNB) $ 646.80
    • solanaSolana (SOL) $ 147.21
    • usd-coinUSDC (USDC) $ 0.999803
    • tronTRON (TRX) $ 0.275643
    • dogecoinDogecoin (DOGE) $ 0.163076
    • staked-etherLido Staked Ether (STETH) $ 2,426.84
    • cardanoCardano (ADA) $ 0.560527
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 107,198.00
    • hyperliquidHyperliquid (HYPE) $ 37.20
    • wrapped-stethWrapped stETH (WSTETH) $ 2,929.58
    • bitcoin-cashBitcoin Cash (BCH) $ 496.63
    • suiSui (SUI) $ 2.73
    • chainlinkChainlink (LINK) $ 13.17
    • leo-tokenLEO Token (LEO) $ 9.08
    • avalanche-2Avalanche (AVAX) $ 17.71
    • stellarStellar (XLM) $ 0.237721
    • usdsUSDS (USDS) $ 0.999653
    • the-open-networkToncoin (TON) $ 2.84
    • shiba-inuShiba Inu (SHIB) $ 0.000011
    • whitebitWhiteBIT Coin (WBT) $ 46.60
    • wethWETH (WETH) $ 2,428.25
    • litecoinLitecoin (LTC) $ 85.59
    • wrapped-eethWrapped eETH (WEETH) $ 2,600.38
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
    • hedera-hashgraphHedera (HBAR) $ 0.148276
    • moneroMonero (XMR) $ 316.07
    • bitget-tokenBitget Token (BGB) $ 4.67
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • polkadotPolkadot (DOT) $ 3.35
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 107,393.00
    • uniswapUniswap (UNI) $ 7.06
    • pi-networkPi Network (PI) $ 0.532342
    • pepePepe (PEPE) $ 0.000009
    • aaveAave (AAVE) $ 256.18
    • daiDai (DAI) $ 0.999943
    • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
    • aptosAptos (APT) $ 4.81
    • okbOKB (OKB) $ 50.07
    • bittensorBittensor (TAO) $ 326.13
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • jito-staked-solJito Staked SOL (JITOSOL) $ 178.46
    • nearNEAR Protocol (NEAR) $ 2.11
    • internet-computerInternet Computer (ICP) $ 4.74
    • crypto-com-chainCronos (CRO) $ 0.080688
    • ethereum-classicEthereum Classic (ETC) $ 16.16
    • susdssUSDS (SUSDS) $ 1.06