Crypto News
JPMorgan Sees Stablecoin Market Hitting $500B by 2028, Far Below Bullish Forecasts
The stablecoin market is poised to grow to $500 billion by 2028, according to JPMorgan (JPM) strategists, a projection that falls well short of some of the more exuberant forecasts calling for a $1 trillion to $2 trillion market cap within the same timeframe, the Wall Street bank said in a research report on Thursday.In the note led by strategist Nikolaos Panigirtzoglou, the bank outlined a more tempered view of the sector's trajectory, arguing that crypto-native demand, not broader payment adoption, remains the primary driver of stablecoin usage.“We find forecasts for an exponential expansion of the stablecoin universe rom $250 billion currently to $1 trillion-$2 trillion over the coming years as far too optimistic," the team wrote.Stablecoins are cryptocurrencies whose...
India’s ‘Most Prolific Darknet Drug Syndicate’ Used Monero to Evade Cops
A 35-year-old Kerala native allegedly shipped drugs nationwide while laundering proceeds through privacy crypto Monero, officials say.Source link
Bitcoin Price Watch: Bulls Target $111K and New Highs as Resistance Zone Tightens
Bitcoin traded at $109,943 on July 3, 2025, reflecting a robust recovery within the broader market trend. With a market capitalization of $2.186 trillion, 24-hour trading volume of $37.77 billion, and an intraday range of $107,269 to $110,117, price action showed a cautious approach toward resistance. Bitcoin On the daily chart, bitcoin displayed a bullishSource link
$280 Million in Crypto Shorts Liquidated as Bitcoin Tops $110K
BTC short liquidations topped $101 million as the leading cryptocurrency touched $110,000 Thursday morning.Source link
Crypto Daybook Americas: Bitcoin Tops $110K as Jobs Report Looms
Crypto Daybook Americas will not be published on Friday owing to the July 4 holiday. It will return on Monday. Wishing our U.S. readers a happy Independence Day.By James Van Straten (All times ET unless indicated otherwise)Bitcoin BTC hit $110,000 for the first time since June 11 and is now within striking distance of its $112,000 all-time high, which was recorded on May 22.Bitcoin dominance has slipped from its June 22 high of just over 66% and now stands a bit above 65%. This figure reflects bitcoin’s market capitalization relative to the entire crypto market. Currently, bitcoin boasts a market cap of $2.2 trillion.Today's major economic event is the release of the U.S. jobs report. Nonfarm payrolls are expected to...