There appears to be progress underway for former Mt. Gox customers who suffered losses in the 2014 hack, involving a staggering 850,000 BTC, now valued at a whopping $33 billion.

In a recent research report JPMorgan has cast doubt on the future of cryptocurrency markets, focusing on the impact of spot Bitcoin ETFs and their potential to disappoint investors.

A Deutsche Bank Research report has revealed a growing sentiment among retail investors that the price of Bitcoin value could plummet by the end of the year, as over a third of respondents see BTC falling below $20,000 by the next January, while approximately 15% predict its value will hover between $40,000 and $75,000 as the year closes.

Top stories in the Crypto Roundup today:

• Mt. Gox Verifies Creditor Addresses for BTC Repayment
• JPMorgan Warns of Bitcoin ETF Disappointment, Downgrades Coinbase
• Retail Investors Expect Bitcoin to Crash Below $20,000, Deutsche Bank Survey Finds
• Crypto Education: The Key to Mastering Digital Assets

Mt. Gox Verifies Creditor Addresses for BTC Repayment

There appears to be progress underway for former Mt. Gox customers who suffered losses in the 2014 hack, involving a staggering 850,000 BTC, now valued at a whopping $33 billion.

Progress is evident as several of these customers have shared on the Mt. Gox insolvency subreddit group about receiving emails requesting verification of their identities and account details, signaling a step forward in the repayment process.

These emails, according to members of the subreddit, confirm that recipients will receive payment in Bitcoin or Bitcoin Cash deposited directly into their previously chosen crypto exchange accounts.

The repayment process could have a significant impact on Bitcoin’s price, as a large amount of BTC is set to re-enter the market at a time in which spot exchange-traded funds (ETFs) have been launched and are seeing significant inflows, with Bitcoin’s halving coming in April.

Launched in 2010, at the time of the hack Mt. Gox was the world’s largest cryptocurrency trading platform. It managed to recover about 20% of the stolen funds, and in December some customers reported receiving payouts in yen to their PayPal accounts.

JPMorgan Warns of Bitcoin ETF Disappointment, Downgrades Coinbase

In a recent research report JPMorgan has cast doubt on the future of cryptocurrency markets, focusing on the impact of spot Bitcoin ETFs and their potential to disappoint investors.

The bank has downgraded U.S. cryptocurrency exchange Coinbase to “underweight,” from neutral, with the bank maintaining an $80 price target for the exchange’s shares. COIN stock saw an impressive 390% rise last year, but this year could be more challenging, according to JPMorgan analysts.

The analysts, led by Kenneth Worthington, wrote that while they believe Coinbase will remain a “leader in cryptocurrency trading and investing globally,” they see the “catalyst in bitcoin ETFs that pushed the ecosystem out of its winter will disappoint market participants.”

JPMorgan’s analysts added they’re concerned that “any disappointment with ETF fund flows could deflate the enthusiasm that has driven the cryptocurrency rally.”

Retail Investors Expect Bitcoin to Crash Below $20,000, Deutsche Bank Survey Finds

A Deutsche Bank Research report has revealed a growing sentiment among retail investors that the price of Bitcoin value could plummet by the end of the year, as over a third of respondents see BTC falling below $20,000 by the next January, while approximately 15% predict its value will hover between $40,000 and $75,000 as the year closes.

The excitement surrounding the launch of spot Bitcoin ETFs on January 11 propelled Bitcoin's value to $49,000, a peak not seen since March 2022. However, subsequent sell-offs have led to a significant drop of over 20% in its value, bringing it down to around $39,900.

According to Marion Laboure and Cassidy Ainsworth-Grace, analysts at Deutsche Bank, these new spot Bitcoin ETFs are likely to further the institutionalization of Bitcoin. However, the report notes that the majority of ETF flows came from retail investors.

The survey, conducted from January 15 to January 19, gathered the opinions of 2,000 individuals from the US, UK, and the Eurozone, focusing on their perspectives on Bitcoin's price movements and volatility.

Crypto Education: The Key to Mastering Digital Assets

Cryptocurrency is reshaping our financial landscape, and diving into its study is both exciting and essential. With the recent launch of spot Bitcoin exchange-traded funds (ETFs) in the US,  cryptocurrency education is now more important than ever.

Terms like blockchain and decentralization can be daunting, but learning about cryptocurrencies makes these concepts approachable and understandable. There are thousands of resources out there, but  "Mastering Crypto Assets: Investing in Bitcoin, Ethereum and Beyond” provides a deeper dive into digital assets.

Understanding cryptocurrencies leads to smarter investment choices. It's about navigating the market's highs and lows with informed confidence. Learning about cryptocurrencies also involves understanding how to protect yourself in the digital world, warding off potential scams and threats.

The more you learn, the more you might find yourself full of ideas for new ventures within the blockchain ecosystem. This ecosystem operates without borders and offers opportunities for anyone in the world, as long as they have a connection to the internet and a desire to learn.

On top of all this, navigating the complex regulations surrounding cryptocurrencies is crucial for confident and legal engagement in the crypto space.

In conclusion, as we embark on this educational journey together, "Mastering Crypto Assets" serves as your comprehensive guide. Take the first step toward financial empowerment and informed decision-making.

State of the Crypto by Top Tier Exchange Volume

Build your project with CCDATA

Terms | Privacy

13 Charles II St, SW1Y 4QU

London, UK

This email may include advertisements by third parties. None of the advertised or promoted products and services have been verified or approved by us and this email is not any endorsement by us of the third party or of their products or services.