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Need to Know: These two bitcoin bear market indicators may tell investors when cryptos will bounce back, says J.P. Morgan


By Jack Denton
(Photo by Oli Scarff/Agence France-Presse/Getty Images)
Bitcoin and other crypto assets have had a rough ride over the past month.
While the leading crypto got a boost on Wednesday after news that lawmakers in El Salvador voted to approve bitcoin as legal tender, its price remains nearly 40% below highs of around $60,000 from as recently as a month ago.
Our
call of the day, from strategists led by Nikolaos Panigirtzoglou at investment bank J.P. Morgan, is that two key measures indicate that bitcoin (BTCUSD) is in a bear market and they can also tell investors when it’s over. ....

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Make Money Day-Trading from Home! Change is happening in the financial markets. Can you feel it? It’s like the ground is shifting beneath my feet. Something new is happening, and maybe, just maybe, this time really is different. (Belle Curve)

The Fed Is Paying 0.00%. Such a Deal! Depositors Are Flocking Starting in April, “No Interest” started looking interesting to certain investors with too much cash on their hands. The amount of money they placed at the Fed overnight at 0.00% grew from nothing to single-digit millions to billions and, as of June 8, $497.4 billion. That’s the most ever. (BusinessWeek) ....

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