{"id":12457,"date":"2022-11-10T04:12:26","date_gmt":"2022-11-10T04:12:26","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/11\/10\/banking-giant-jpmorgan-says-bitcoin-price-could-drop-to-13000\/"},"modified":"2022-11-10T04:12:26","modified_gmt":"2022-11-10T04:12:26","slug":"banking-giant-jpmorgan-says-bitcoin-price-could-drop-to-13000","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/11\/10\/banking-giant-jpmorgan-says-bitcoin-price-could-drop-to-13000\/","title":{"rendered":"Banking Giant JPMorgan Says Bitcoin price could drop to $13,000"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>\n<iframe loading=\"lazy\" src=\"https:\/\/coingape.com\/jpmorgan-crypto-market-facing-a-cascade-of-margin-calls-more-bloodbath-ahead\/about:blank\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\"><br \/>\n<\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\"><br \/>\n<\/iframe><\/noscript>\n<\/p>\n<p>The FTX drama has spillover the complete crypto market with one other 10% crash during the last 24 hours. In lower than every week, the broader crypto market has misplaced 20% of its worth i.e. equal to $200 billion.<\/p>\n<p>The newest report from JPMorgan exhibits that the crypto market is dealing with a \u201ccascade of margin calls\u201d, failing to meet it could trigger main liquidations out there.\u00a0 As per JPMorgan strategists led by Nikolaos Panigirtzoglou, the Bitcoin price could collapse all the way in which to $13,000.<\/p>\n<p>The BTC price is already down by 20% on the weekly chart. As of press time, Bitcoin is buying and selling 11.75% down at a price of $16,143 and a market cap of $309 billion. In a report printed on Wednesday, the JPMorgan crew wrote:<\/p>\n<blockquote>\n<p>\u201cWhat makes this new phase of crypto deleveraging induced by the apparent collapse of Alameda Research and FTX more problematic is that the number of entities with stronger balance sheets able to rescue those with low capital and high leverage is shrinking\u201d within the crypto sphere.<\/p>\n<\/blockquote>\n<h3>JPMorgan on FTX-Led Bloodbath in Crypto<\/h3>\n<p>The FTX episode has unfold like a contagion out there. Also, there\u2019s a number of drama with FTX chief Sam Bankman-Fried struggling to discover information traders out there. A day after saying their help to buying FTX\u2019s non-U.S. property, Binance has <a href=\"https:\/\/coingape.com\/breaking-binance-backs-out-of-ftx-deal\/\" target=\"_blank\" rel=\"noopener\">backed out<\/a> of the deal on Wednesday.<\/p>\n<p>Now market analysts have a robust worry that any potential chapter of FTX could lead to a contagion in different crypto outfits. As a outcome, traders are nonetheless coming to phrases with the FTX episode.<\/p>\n<p>JPMorgan\u2019s Bitcoin price prediction of additional fall comes on the premise of Bitcoin\u2019s manufacturing price to miners. As we all know, with the Bitcoin price drop on one hand and rising vitality prices on the opposite, miners have been pressured to liquidate their BTC holdings to cowl their operational prices.<\/p>\n<p>\u201cAt the moment, this production cost stands at $15,000, but it is likely to revisit the $13,000 low seen over the summer months,\u201d <a rel=\"nofollow noopener\" href=\"https:\/\/www.bnnbloomberg.ca\/jpmorgan-team-says-crypto-markets-face-cascade-of-margin-calls-1.1844231\" target=\"_blank\">said<\/a> JPMorgan.<\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA126746\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<p>\nBhushan is a FinTech fanatic and holds  aptitude in understanding monetary markets. His curiosity in economics and finance draw his consideration in direction of the brand new rising Blockchain Technology and Cryptocurrency markets. He is repeatedly in a studying course of and retains himself motivated by sharing his acquired information. In free time he reads thriller fictions novels and typically discover his culinary expertise.\n<\/p>\n<\/div>\n<div class=\"author_Image\">\n<img loading=\"lazy\" decoding=\"async\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\"\/><\/noscript> <\/div>\n<\/div>\n<\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD126746\">\n<p> The introduced content material could embody the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn&#8217;t maintain any accountability on your private monetary loss.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/jpmorgan-crypto-market-facing-a-cascade-of-margin-calls-more-bloodbath-ahead\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] The FTX drama has spillover the complete crypto market with one other 10% crash during the last 24 hours. In lower than every week, the broader crypto market has misplaced 20% of its worth i.e. equal to $200 billion. The newest report from JPMorgan exhibits that the crypto market is dealing with a \u201ccascade [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[3],"tags":[2656,20,552,329,1557,110],"class_list":["post-12457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-banking","tag-bitcoin","tag-drop","tag-giant","tag-jpmorgan","tag-price","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/12457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=12457"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/12457\/revisions"}],"predecessor-version":[{"id":12458,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/12457\/revisions\/12458"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/12459"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=12457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=12457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=12457"}],"curies":[{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