JPMorgan Sounds Urgent Alarm On Bitcoin Price ‘Momentum’ After $300 Billion Bitcoin And Crypto …

Over the weekend, around $10 billion in bitcoin and crypto long positions—bets the bitcoin price will rise—were liquidated as fear gripped the bitcoin market, sending the bitcoin price down over 10% in a matter of hours.

The sudden sell-off came after a heady week of bitcoin and crypto hype surrounding the market debut of major U.S.

I have covered the rise of bitcoin and cryptocurrency since 2012 and have charted its emergence as a niche technology into the greatest threat to the established financial system the world has ever seen and the most important new technology since the internet itself.

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