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JPMorgan Issues Warning for Bitcoin (BTC) Holders, This Ethereum Token Steals Bullish Momentum

Bitcoin’s ETFs have been the subject of much discussion since they were approved in late 2023. The giant crypto led the rest of the market on a significant token rally in the first quarter as interest in the ETFs grew. But while ETFs indicate a new dawn for Bitcoin, banking giant JPMorgan doesn’t think so.
The financial advisor has given its latest opinion on Bitcoin’s ETFs and how they could be more successful. You can expect a debate on the subject, but Bitcoin holders are also dumping their deposits in favor of a new Ethereum token.
Bitcoin’s ETF Inflows Are Simply Recycled BTC
Last year, the ETF approval on Bitcoin opened the crypto market to institutional traders, who were previously cautious of the unpredictable cryptoverse. Bitcoin’s holders were treated to some three months of massive spikes, and the BTC price rose from about $27,000 to over $70,000 before correcting.
Many people put that spike down to the growing ETF interest, as it appeared that more institutional traders were investing in Bitcoin. But JPMorgan’s latest statement puts the previously glorified Bitcoin ETF inflows into perspective.
JPMorgan stated that the ETFs experienced inflows, but most were simply BTC coins already in circulation. The banking giant stated that the arrival of Bitcoin ETFs coincided with a marked drop in the BTC token stash on exchanges. Out of the reported $25 billion in total inflows on the ETFs, JPMorgan placed the recycled BTCs at about $12 billion.
JPMorgan Warns Bitcoin Holders Over Bearish Times Ahead
Since last week, the Bitcoin price has been on the decline, and holders are now most concerned about its price prediction. The market-wide bearishness is one thing, but Bitcoin could drop even worse soon.
After adjusting the production estimates, JPMorgan’s calculations for Bitcoin’s value fall is around $45,000, against its present $66,900 . There’s no telling how much this will impact the Bitcoin price going forward, but BTC still looks bearish.
The sell-off following the US Labor reports last week was only the start. With Bitcoin set for a bearish few weeks, more holders will give up their tokens for better ROI.
RCO Finance is an Ethereum token that plans to change the pace of crypto trading forever. With AI and a few well-researched trader perks, RCOF is about to make trading much easier for crypto folk.
RCO Finance Finally ‘Hacks’ the AI Trading Solution
The AI-crypto alliance was predicted to be one of the biggest businesses in the crypto market this year. Artificial intelligence is already finding its way into major blockchain products, and RCO Finance is a gleaming example.
Robo Advisor is the realization of all AI-trading integrations that have been attempted. This time, RCO Finance is rolling out a program that aims to learn your trading behavior first before suggesting new trading tips and strategies.
Robo Advisor’s machine learning algorithms make it a suitable trading assistant capable of quickly pushing your portfolio to profits.
Speaking of portfolios, your trading is only as profitable as the amount of profitable markets you’re in. And that’s why RCO Finance allows you to diversify your account with over 120,000 trading assets.
The assets also comprise a wide range, including shares, bonds, crypto coins, and Forex currency pairs. There are no regional restrictions, either, so RCO Finance offers access to all of DeFi trading.
Where To Start? RCOF Is in Presale!
The Ethereum-based RCOF tokens only just started their presale, and you’re in luck. The tokens are only worth $0.0127 now in Stage 1 of presales. With the price set to increase at each presale stage, analysts expect RCOF’s price to hit 3000% in profits.
Apart from the presale profits, RCO Finance’s security and utility are particularly interesting. The project’s smart contract has been audited ; users can enjoy informed tips from the Robo Advisor and have all their assets in one place without third-party interference.
For more information about the RCO Finance Presale:

Visit RCO Finance Presale
Join The RCO Finance Community

The post JPMorgan Issues Warning for Bitcoin (BTC) Holders, This Ethereum Token Steals Bullish Momentum appeared first on Blockonomi .

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