The Crypto Compass Issue #34

JPMorgan Sees ‘Limited Downside’ for Crypto Near Term After Bitcoin’s Recent Rout? Read it in our weekly newsletter now! Brought to you by BitcoinWalletSG.

Hello to our dear readers and crypto enthusiasts!

We're back with another edition of Crypto Compass, guiding you through the bustling currents of the cryptocurrency seas. We've updated the format of our newsletter to deliver the latest news to you in a more streamlined manner. We believe this new layout will enhance your reading experience! Whether you're a seasoned investor or just getting your feet wet, there's something for everyone in our weekly roundup. Let's dive right in!

Bitcoin ETF Deadlines Loom

The anticipation around Bitcoin ETFs is palpable once again. After a long wait, it seems the moment the crypto community has been waiting for might be around the corner. The U.S. Securities and Exchange Commission (SEC) is about to hit the deadline for multiple Bitcoin ETF decisions. With ProShares and Invesco both awaiting the regulator's nod, the stage is set for what could be a significant evolution in the crypto investment landscape.

Bitcoin ETF Deadlines Loom Again for SEC Ahead of Labor Day Weekend

(Bloomberg) -- The journey to a potential Bitcoin ETF has so far been long and arduous. But some key decisions in the race are likely coming this week as crypto faithful await to see how things play out this time.

finance.yahoo.com/news/bitcoin-etf-deadlines-loom-again-142020309.html

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Crypto Eyes on the Federal Reserve

Market movements often hinge on macroeconomic cues, and this week is no different. All eyes are on Federal Reserve Chairman Jerome Powell, especially after the recent crypto market dip. Investors are waiting with bated breath for his remarks, which could provide hints on the U.S.' monetary policy and its implications on the cryptocurrency world.

Crypto market cautious after Fed’s Powell says US inflation still ‘too high’

Bitcoin, Ether and other top 10 non-stablecoin cryptocurrencies held steady, despite Fed chair Jerome Powell's hawkish comments on U.S. inflation.

finance.yahoo.com/news/crypto-market-cautious-fed-powell-021904099.html

JPMorgan's Bullish Stance on Crypto

In a landscape teeming with caution and speculation, JPMorgan brings a bullish breeze. The bank's analysts have chimed in with a somewhat optimistic tone on the future of crypto. Highlighting the current resilience of cryptocurrency markets, they pointed out that there's limited downside ahead, especially for Bitcoin.

JPMorgan Sees ‘Limited Downside’ for Crypto Near Term After Bitcoin’s Recent Rout

(Bloomberg) -- The recent selloff in crypto markets is likely near an end, with long-position liquidations “largely behind us,” according to a research report by JPMorgan Chase & Co.

finance.yahoo.com/news/jpmorgan-sees-limited-downside-crypto-153325776.html

Happenings of the week

Thank you for joining us on this week's journey through the ever-evolving world of crypto. How do you like our new format? If you have questions, comments, or insights, we're always eager to hear from you!

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