Alert of JP Morgan
JP Morgan alert of drop-down in Current BTC Price. This is part of the strategy that they are implementing to counter the potential losses that occur in the event that the ETF for bitcoins picks up. It appears to be part of their hedging strategy for the price against the fluctuations in commodities. The news today is about the Futures Commission approving the Winklevoss ETF.
Why is the Current BTC Price Manipulating Continuously?
It seems that the US authorities have not approved the Winklevoss ETF. They file suit against the brokerage that they do business with, and they want to stop the trade until the issues are resolved. However, according to the news today, the US authorities have lifted the action against the company. The US government claimed that the current BTC price manipulation was happening through orders placed into the margin account of the broker. However, this was a bit of a grey area, and JP Morgan could be on thin ice with this decision.
Price Value Dropping in Bitcoin
It was interesting to see the US authorities use the occasion of the collapse of Lehman Brothers to justify their actions in preventing the Winklevoss ETF. There is some bad news in the world of ETF, however. The news today is that the price of bitcoin is falling. The news today was that they are dropping in price from $639 per coin to a low of around $534. This might decrease the potential value of the Winklevoss ETF for institutional investors.
If you do a search on the Internet, you will find the news today on the front page of every news portal. The article includes a graphic of the current prices for the major exchanges. You will also discover that there is a Lite version of the chart. You might ask why the news today is on the front page and the chart is on a Lite version. This is because a trading halt was declared by the exchange and all prices were halted while the US government and the FBI investigated the collapse of Lehman Brothers.
The reason this news is being featured on the news front pages is the potential for the current BTC price to drop to zero. There have been rumours in the trading community that investors’ confidence in the market has been destroyed due to the news. This rumour is based on the fact that after the news broke, the prices began to tumble. This rumour is not based on any fundamental analysis of the market, but on simple conjecture.
Two Different scenarios for the stock market
The news today indicated that the US government will not interfere with the investigation into the collapse of Lehman Brothers. However, this announcement came just hours before the market opened for the day. These are two very different scenarios and it will be interesting to watch these two situations unfold. One scenario is very optimistic for the stock market, while the other may have some negative implications on the market.
Why is JP Morgan one of the largest banks?
JP Morgan is one of the largest investment banks in the world. And their stock is among the most valuable on the market today. It is expected that they will experience great difficulty in retaining their shares because of the news. However, if the rumours are true that they are prepared to negotiate with the government over the losses. Then it may provide them with some breathing room. If the stock price begins to fall the current stockholders could lose a lot of money. If the company is unable to retain its shares on the black market.
For the most part, JP Morgan is a very stable company that does not have too many negative expectations in the future. If the rumours are true and the market opens with a slight loss, then the stock will likely rebound shortly and regain some of its previous losses. They still control a large portion of the Forex market and control a large number of customers. The only time that their stock would plummet is if the economic outlook worsens and the economy takes a huge hit. Whether or not the rumour is true, it is best for investors to wait until after the markets open for tomorrow and analyze the market reactions.