💼🔍 JP Morgan weighs in on crypto market dynamics! US' biggest bank predicts limited short-term selling pressure. Report analyzes CME Bitcoin futures open interest, highlighting long position liquidation. August correction impacted by SEC-Ripple rulings and macro factors like tech stock bubble burst, rising US real interest rates, and China's real estate crisis. SpaceX's BTC sale catalyzed correction. Appeal outcome by SEC expected next year, potentially introducing market uncertainty. Insights from the financial giant! 📊📉 #JPMorganCryptoAnalysis #MarketOutlook 📈🌟 #BitcoinWorld

JPM Coin, the native token of financial giant JPMorgan, is set to be used in interbank transactions following the launched of a blockchain-powered banking settlement system called Partior, which was jointly launched by Standard Chartered, Temasek, DBS Bank, and JPMorgan.
#JPM #JPMCOIN #JPMorganCryptoAnalysis #cryptocurreny #CryptoNews🔒📰🚫