Bitcoin bulls eye possible tailwind as U.S. dollar index continues to leg lower

The Wall Street giant's move — should it come to pass — would further legitimize crypto and increase distribution channels, said ClearStreet's Owan Lau. What to know : JPMorgan’s potential entry into institutional crypto trading could legitimize the sector and expand access for traditional finance. Analysts say crypto-native platforms like Coinbase, Bullish and Galaxy Digital may benefit from further adoption on Wall Street The move may also drive down fees for basic services, pressuring firms like Coinbase and Circle, the analysts said.

The selling trend of whales seems to be slowing down, and the realized loss of new whales has stabilized, which previously pushed the price from $124000 to $84000. （Cointelegraph）

[Trump Says Opponents Cannot Serve as Fed Chair] U.S. President Trump stated that anyone who opposes him can never obtain the position of Federal Reserve Chair and said that if the market performs well, he hopes the new Fed Chair will lower interest rates.

US President Trump has stated that the issue of inflation will be resolved on its own, and if it cannot be resolved, interest rates can be raised at any time. （Watcher.Guru）

[Wang Feng: Bitcoin May Reach Unimaginable Prices] Wang Feng, founder of Linekong Interactive, stated yesterday that there is no need to lament gold prices surpassing $4,400 per ounce. The essence of humanity returning to the golden age lies in seeking a universally accepted scarcity. He believes that the wave of artificial intelligence technology is gradually diminishing the role of sovereign currencies, and a new surge in productivity will lead to severe devaluation of currencies, including the US dollar. Bitcoin may reach unimaginable prices.