News list for " an analyst"
"Given that Ethereum is the only major cryptocurrency [other than Bitcoin] approved as the basis for a spot ETF, it could be a rotation target," Citi analysts said in a report on Monday. Other cryptocurrencies have fared even better, and their share of the overall cryptocurrency market cap is growing. Citibank added that respondents to a recent survey believe that counterfeit products will perform particularly well in 2025...
Analysts at Bitfinex said: "While the market generally expects increased volatility ahead of the November 5 US election, many market participants appear hesitant to adopt a wait-and-see approach. But significant volatility is still expected in the short term after the election, which could" drive significant movement "or, if not, could be a warning sign of a" deeper correction "for Bitcoin in the shorter term."
Brooks, an XTB analyst, said the dollar fell because the Federal Reserve seemed more likely to cut interest rates in November and less likely to keep them on hold. U.S. money markets showed a mere 5 percent chance of the Fed not cutting rates in November, down from 12 percent previously, according to data from LSEG Refinitiv. Meanwhile, polls show a very tight race for the US Presidential Election in November. She said the lack of a clear election result would hit sentiment and weigh on economic...
Bitcoin miners face a window of data center and high-performance computing (HPC) service contracts with hyperscale computing and AI startups in the next nine months, but the chances of securing HPC/AI data center deals are dwindling, according to analysts at JPMorgan. Due to delays in data center approvals and grid connectivity, bitcoin miners can leverage their existing infrastructure to meet AI computing needs. The report states that with limited grid capacity in the United States, demand for ...
Citi analysts said in a report that while recent labor market data may have caused some market participants to reconsider their expectations for a rate cut, it is unlikely that the Fed will skip a rate cut during its November meeting. While non-farm payrolls rose sharply by 254,000 on Friday, beating economists' expectations of 140,000, analysts noted that we doubt Friday's strong payrolls report will last. Citi noted: The previous string of weakness...
Analysts at TD Securities said in a recent note that the probability of a rate cut of 25 basis points to 50 basis points will be close. In our view, the dot plot will be the most important part of the Fed's guidance, as well as Chairperson Powell's press conference. The Fed's forward guidance is expected to be broadly dovish.
JPMorgan analysts released a report saying, "As Bitcoin continues to become mainstream, the demand for electricity will increase. Bitcoin is not the only cryptocurrency that requires a mining process, but it is the largest. Bitcoin is the largest proof-of-work (PoW) protocol to date. From a fundamental perspective, we believe that within the next 10 years, Bitcoin's...
Analysts at JPMorgan noted that Bitcoin mining profitability fell to an all-time low as network hashrate rose in the first two weeks of August. Despite this, the share of network hashrate among US-listed miners rose to 26%, a new high. JPMorgan also said that Bitcoin network hashrate has increased by about 1% since August to an average of 621 EH/s, but it is still 30 EH/s lower than before the halving. In addition, Bitcoin price has declined by about 5% since the halving, but it is still up 35% ...
JPMorgan analysts said in a report that most of the positive catalysts that could drive the price of bitcoin and the broader cryptocurrency market have been priced in, including Morgan Stanley wealth advisors offering crypto ETFs to their clients, the impending end of door-to-door repayments, and bipartisan U.S. regulation, among others. The bank table...
