đ§§The crypto market is undergoing a pullback phase. Top assets like BTC and ETH are losing some recovering momentum, and external macro-factors (rates, dollar strength) are adding pressure. The current move may be a consolidation rather than a crashâbut vigilance is required, especially around key support levels.
The Russian Ministry of Finance and the Central Bank have reached an agreement to legalize the use of cryptocurrencies for international trade transactions. This move aims to enable Russian companies to conduct cross-border payments using digital assets, reducing reliance on the U.S. dollar and mitigating the impact of international sanctions.
Source: Official statements from Russiaâs financial authorities
JPMorgan, a $3.6 trillion banking giant, says Bitcoin remains undervalued compared to gold. âš
According to the bankâs latest note to clients, analysts highlighted that Bitcoinâs current price does not yet reflect its fair value when compared to gold as an alternative asset.
JPMorgan suggested that BTC could see significant upside if investor demand continues to shift from traditional safe-haven assets like gold toward digital assets.
đ JPMorganâs report further indicates that Bitcoin could become increasingly attractive amid global macroeconomic uncertainty and rising interest in decentralized stores of value.
Bitcoin has successfully reclaimed the $120,000 level, fueled by expectations of monetary policy easing and stimulus relaxation from major central banks. đ°
Analysts note that key technical momentum indicators, such as moving average crossovers and accumulation by âwhalesâ (large holders), have been the main catalysts behind the price surge.
However, the market remains cautious about potential corrections in the event of negative economic data releases or escalating geopolitical tensions. đ„đ„
The market keeps dipping hard đđ„ but thatâs where golden chances are made! âš Ethereum has dropped near $4000, breaking key supports â scaring weak hands out. But smart traders know: every sharp fall creates powerful rebounds đ
This is the time to buy the dip on spot and patiently hold. đ Volatility will shake many, but those who load up in the red will shine in the green! đ $ETH $BTC $BNB
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