JPMorgan: Banks Launch Tokenized Deposit Network
JPMorgan, Citi and BofA build tokenized deposit network while Bitcoin holds $61823.58 and Stripe Visa Mastercard advance stablecoin platform amid Zcash bug.
SourceAnalysis
JPMorgan, Citi and BofA advance a tokenized deposit network while Stripe, Visa and Mastercard develop a fresh stablecoin platform and a critical bug surfaces in privacy token Zcash.
BTC price prediction models now factor in the $61823.58 level after the latest dip, with tokenized deposit network and stablecoin platform development driving institutional flows that offset any crypto market crash fears.
Price action on the 4h chart reveals a bearish trend structure as BTC sits below the EMA50 at $65554.67 and the EMA200 at $72704.09, yet the MACD golden cross at -1189.15 hints at building momentum; with the market testing upper Bollinger resistance at $63821.98 while RSI remains neutral at 41.29, a measured pullback toward the lower band support at $59572.35 appears likely before any sustained continuation.
Henri Arslanian
@HenriArslanianCo-Founder, Nine Blocks - Crypto Hedge Fund - ex-PwC Crypto Leader - Author “The Book of Crypto”, Host of Crypto Capsule™ and Future of Money Podcast/Newsletter