News list for " a study"
The so-called "depreciation trade" pouring into gold and bitcoin will "persist" as investors brace for continued geopolitical uncertainty, JPMorgan said in a research note. The bank said that gold and bitcoin "appear to have become structurally more important assets in investors' portfolios as investors increasingly look for tools to hedge against geopolitical risk and inflation."
JPMorgan Chase said in a research note that the expansion of leveraged MicroStrategy (MSTR) ETFs and the flow of funds they attract have had a more pronounced impact on the company's stock and crypto markets than before. The bank said these ETFs played a major role in the stock's nearly 60% gain in November. Total inflows into U.S. spot Bitcoin (BTC), spot Ether (ETH) and leveraged MicroStrategy ETFs hit a record high of nearly $11 billion in November, with leveraged MSTR ETFs accounting for $3....
Bitcoin (BTC) daily mining revenue and gross profit fell for the fourth consecutive month in October, JPMorgan Chase (JPM) said in a research note on Friday. JPMorgan estimates that gross profit from Bitcoin daily block rewards fell by 2% in October, reaching its lowest level on "recent records." On the positive side, transaction fees spiked to 60% of block rewards at the end of the month, providing some relief to hash prices.
Citi (C) said in a research note on Wednesday that a sweeping Republican victory in the upcoming U.S. election would be the most favorable outcome for Coinbase and the broader crypto market, while a Harris victory and a divided Congress could lead to more uncertainty in the digital asset industry. Citi pointed out that the existing House Financial Services subcommittee is composed of several Democrats who are strongly opposed to cryptocurrencies. However, they "can...
In a research report released Wednesday by a16z crypto, a16z released seven findings on the state of cryptocurrencies in 2024, including: 1. Cryptocurrency activity and usage hit record highs 2. Cryptocurrencies have become a key political issue ahead of the US election 3. Stablecoins have found a product-market fit 4. Infrastructure improvements have increased capacity and significantly reduced transaction costs 5. DeFi remains popular and continues to grow 6. Encryption technology can solve th...
A study published Wednesday by a16z crypto notes that the number of active cryptocurrency addresses and usage has reached an all-time high this year. The report estimates that as of September, there were around 617 million cryptocurrency holders worldwide and 60 million monthly active users. In 2024, monthly active crypto addresses will rise to over 220 million, with Base at the top of the Ethereum EVM chain with 22 million addresses, while Solana dominates the non-EVM chain with over 100 millio...
In a research note on Sunday, Jefferies said bitcoin mining profitability fell in September from the previous month as the average price of bitcoin remained largely unchanged while the network hash rate rose by about 1.7%. The investment bank noted that average daily revenue per exahash fell 2.6% from the previous month. Analysts Jonathan Petersen and Joe Dickstein wrote: "It now looks like October will be a tougher month, as the price of BTC has only increased by around 5%, while the network ha...
The increasing importance of stablecoins to the global financial system has seen them become the 18th largest holder of U.S. Treasury bonds, brokerage Bernstein said in a research note on Thursday. After a decline in supply in 2023, stablecoin liquidity has now rebounded to an all-time high of $170 billion, with on-chain monthly payments tripling over the past 12 months to reach $1.40 trillion in July, the report said. The report noted that these cryptocurrencies are competing with payments and ...
According to a recent research report by CryptoQuant, the number of deposit addresses on the Bitcoin CEX platform has dropped to 132,100, the lowest level in years. The metric represents the number of addresses sending inflow transactions to the trading platform, and analysis shows that the lowest level in years indicates that fewer investors are selling bitcoin on spot trading platforms, which may indicate that selling pressure has eased. But CryptoQuant research director Julio Moreno also said...
Broker Bernstein said in a research note on Monday that if Donald Trump wins the U.S. election in November, bitcoin is expected to hit a new high later this year and the cryptocurrency could reach $90,000 by the fourth quarter. The report said that if Kamala Harris wins the election, the largest cryptocurrency by market capitalization is expected to break through the current bottom around $50,000 and could test the range of $30,000-40,000. The broker pointed out that Trump...
