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Author: Admin | 2025-04-28
Bitcoin and cryptocurrencies have skyrocketed over recent months—causing the Biden administration to declare a crypto "emergency"—with ethereum up 50% and XRP up 35% over the last year.Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and "uncover blockchain blockbusters poised for 1,000% plus gains" ahead of next year's historical bitcoin halving!The price has topped $50,000 per bitcoin, making it a $1 trillion asset again and pushing the wider ethereum, XRP and crypto market over $2 trillion (with some claiming "this time is different" thanks to a looming earthquake).Now, as a leak revealed a controversial central bank digital dollar could be closer than thought, Wall Street giant JPMorgan has suddenly changed its tune on bitcoin and crypto exchange Coinbase thanks to the arrival of institutional "fomo."Bitcoin's historical halving that's expected to cause crypto price chaos is just around the corner! Sign up now for the free CryptoCodex—A daily newsletter for traders, investors and the crypto-curious that will keep you ahead of the marketForbesBitcoin Price Now Braced For A Surprise $6.9 Trillion EarthquakeJPMorgan chief executive Jamie Dimon, an outspoken bitcoin, ethereum, XRP and crypto critic, has ... [+] previously said he expects the bitcoin price to crash and the crypto market implode.Getty Images"We think this bitcoin appreciation is contributing to better spot bitcoin ETF [exchange-traded funds] flows, which is in turn driving bitcoin prices higher, and pulling other tokens higher as well," JPMorgan analysts led by Kenneth Worthington wrote in a note to clients seen by Coindesk.The arrival of a long-awaited fleet of spot bitcoin ETFs on Wall Street last month has caused a 25% increase in the bitcoin price as asset managers led by Blackrock and Fidelity amass huge numbers of bitcoin.This week, the nine new bitcoin ETFs saw inflows of around $630 million in just one day, taking their total to over $10 billion in assets under management."Given the acceleration in recent days of flows into bitcoin ETFs and the significant price appreciation of bitcoin and now ethereum ETH , we are returning to a 'neutral' rating on Coinbase as we see the higher cryptocurrency prices not only sustaining, but improving,
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