- The strong correlation between Bitcoin and Tech actions classified crypto as risky assets during periods of uncertainty.
- The increase in the accumulation of bitcoin by institutional investors signals great confidence in cryptography in the middle of the planned cryptographic summer.
During the annual JPMorgan Chase investor day on Monday, May 19, CEO Jamie Dimon said that bank customers could finally buy Bitcoin (BTC). Dimon said that the bank will allow investors to buy Bitcoin, but that the bank will not offer childcare services.
“I don’t think you should smoke, but I defend your right to smoke. I defend your right to buy bitcoin,” said Dimon.
The decision to enable investors to buy bitcoins follows an improvement in regulatory prospects in the midst of the significant capital leak in institutional investors. Meanwhile, Dimon expressed his concerns about the American economy, highlighting the probability of a recession despite the cooling tariffs.
Nevertheless, Kalshi now estimates that the United States underwent a recession in 2025.
The cryptography market rebounds on a short paved
After the announcement of the CEO of JPMorgan, Bitcoin Price rebounded more than 2% to exchange approximately $ 105,503 on Monday, May 19, during the American session of the middle of the North. The wider Altcoin market followed in tandem directed by Ethereum Price, which increased by more than 5% in the last 24 hours to exchange approximately $ 2,518 when writing this subject.
Consequently, nearly $ 600 million have been liquidated on the crypto market, mainly involving short traders. The notable forced liquidation of short positions in the last 24 hours has increased the fuel from a short pressure on the wider cryptography market in the middle of the bullish feeling.
What to follow?
The improvement of commercial tariff negotiations in the middle of the growing demand for digital assets by institutional investors has established the previous one for a parabolic phase in the near future. A crypto summer, often characterized by sustained optimism and an increase in asset prices, should occur in the coming months.
In addition, institutional investors – led by strategy and metaplanet – have continued to accumulate more bitcoins in a recent past. According to Coinshares market data, digital assets recorded a clear entry of around $ 785 million last week, displaying in the fifth consecutive week of entries.
