JPMorgan CEO Jamie Dimon said on May 19 that the bank will allow clients to buy Bitcoin. However, JPMorgan will not offer Bitcoin custody services.
Brazil wants to ban stablecoin self-custody?
Brazil’s Central Bank wanna ban stablecoin self-custody. They’re cooking up a plan that’s got the crypto world raising some serious eyebrows.
MetaMask’s MASK token is maybe coming, maybe not
The hottest talk of the town? MetaMask’s elusive native token, the so-called MASK. Is it happening?
Bitcoin Eyes $110K as Technicals Align with Macro Tailwinds, but Caution Persists
Bitcoin (BTC) is trading between $95,000 and $110,000 this week, with Ethereum (ETH) holding in the $2,200–$2,600 range.
Both assets are supported by strong macro drivers and technical signals, though market caution remains warranted.
BTC’s chart is flashing a potential golden cross—where the 50-day moving average crosses above the 200-day—just weeks after a failed death cross in April.
Historically, this pattern mirrors late 2024’s surge from $70K to $100K and points to bullish momentum building toward the $110K–$125K zone.
However, with resistance near $106,202 and signs of overbought conditions, traders should watch for confirmation before chasing upside moves.
Mid-term projections remain positive. Bitcoin could reach $112,000 to $180,000 by year-end, driven by spot ETF flows, post-halving supply constraints, and growing institutional adoption.
Ethereum may follow, with price targets ranging from $3,900 to $6,900, especially if demand for ETH-based ETFs accelerates and the Pectra upgrade delivers on L2 scalability.
Moody’s recent downgrade of the U.S. sovereign credit rating to Aa1 is another key macro catalyst, sparking renewed interest in BTC and ETH as hedges against fiat risk.
BTC’s ability to hold above $103,000 amid volatility highlights the market’s shift toward crypto as a strategic reserve asset.
Still, short-term corrections to $90K–$95K for BTC and potential dips to $1,800 for ETH remain in play if profit-taking intensifies or macro headwinds resurface.
Traders should monitor U.S. bond yields, ETF inflows, and exchange netflows to gauge trend strength.
While momentum is tilted bullish, patience and proper risk management are essential in navigating potential retracements before the next leg up.
Ryan Lee, Chief Analyst at Bitget Research
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
Bitcoin Seizure: Australian Police Confiscate Mansion, Mercedes, and Crypto in $2.88M Case
The Australian Federal Police (AFP) have seized 25 Bitcoin, a waterfront mansion in Queensland, and a Mercedes-Benz.
Blum Co-Founder Vladimir Smerkis Arrested, BLUM Token Airdrop Faces Doubts
Vladimir Smerkis, co-founder of the Telegram-based crypto project Blum, is now in custody in Moscow.
The Paraguayan job
A Paraguayan mining facility, three illegal Chinese, and a police raid. Like the open scene of a Tarantino movie, ngl!
Crypto players in France get bodyguards and bulletproof plans after kidnapping spree
Things are heating up in the French crypto industry, and not in a good way. You’d think being a crypto entrepreneur means you’re just crunching numbers, chasing digital coins, maybe sipping espresso in a chic Parisian café. But no.
