•Despite the constant attack on digital currencies, led by Bitcoin, Bitcoin has not stopped rising until now, and the acceptance of its traded funds by the SEC was considered a historic shift in the adoption and acceptance of digital currencies as a global financial asset.
•Jamie Dimon speaks for the last time and one of the fiercest attackers of Bitcoin and digital currencies in the world of finance is the CEO of the American bank JP Morgan (NYSE: JPM), Jamie Dimon, who recently appeared with new statements on the economic channel CNBC, to say that his personal advice For everyone, it is important not to get involved or exposed to Bitcoin.
•Jamie Dimon said it would be the last time he talked about Bitcoin.
•The screen accompanying the speech of the head of the American investment bank, JP Morgan, compared the growth rate of Bitcoin compared to gold on an annual basis, and the data revealed a rise of more than 100% in Bitcoin prices, while gold rose by 6.31%.
•This criticism comes one day after the International Monetary Fund issued a warning against considering Bitcoin a real competitor to the dollar. The global financial institution said that the dominance of the dollar would not be able to compete with Bitcoin and that the dollar currency’s current position is strong and is not affected by other assets, especially Bitcoin.
•Bitcoin is currently trading at $42,644.5 per symbol, down by 1.03% in the last 24 hours. Bitcoin has been moving erratically since it fell from a peak of $49,000 to $41,000 in days after the Securities and Exchange Commission accepted the listing and trading of spot Bitcoin funds.
•Bitcoin is exposed to selling pressure and the difficulty of creating an upward path as a result of the rise in purchasing fees due to the entry of new whales into the crypto market, namely asset managers.
•Acceptance of Bitcoin Funds: Good News. for Altcoins On January 17, Andrew Kang, co-founder of crypto venture capital firm Mechanism Capital, said the launch of a Bitcoin exchange-traded fund is good for Bitcoin, “but it's actually much better for altcoins.”
•Volatility in Bitcoin will now decline with institutions participating, and gains will be slow and steady, he said.
•“The Goldilocks scenario for altcoins is when Bitcoin rises slowly over months and years,” he explained.
•He said there would be few, if any, fluctuations during the day, before adding: "Most days will be up, but not much compared to the early glory days."
•He continued: “BTC will offer very little volatility that will interest many traders, but the grind creates confidence in the upward trajectory of the cryptocurrency market.”
•It is noteworthy in this context that Bitcoin dominance has decreased by 6% since the launch of ETFs last week.
•According to TradingView, Bitcoin's market share currently stands at just under 51%. Since May 2017, when the first major wave of altcoins took over the cryptocurrency industry, Bitcoin's dominance has skewed sideways in a range between 40% and 70%. Kang expected Bitcoin's dominance to decline to 40% this year.
•Total capitalization, including Bitcoin, currently stands at $1.78 trillion, after a 1.4% gain on the day. However, Bitcoin has barely moved, and altcoins are driving the momentum once again.
•A look at strong altcoin movements in the same week that saw Bitcoin drop 5.3%. Ethereum managed to rise 7.23% and Solana rose 6.18% and is rising today by 4.3% to $101,606.
Chainlink also rose by 12.65% in a week and is rising today by 4.10% to $15.9.
#continued More news about digital currencies 💵✅💯
