JPMorgan Expects Bitcoin to Drop After Halving; New Zealand Starts Digital Cash Consultation

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'CoinDesk Daily' host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as a new research report from JPMorgan says the bitcoin price is likely to drop after the halving event. Plus, the launch of digital cash consultation in New Zealand, and the latest from the Mango Markets fraud trial.

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as a new research report from JPMorgan says the bitcoin price is likely to drop after the halving event.Could Hong Kong See Spot BTC and Spot ETH ETFs on Monday? 'Bitcoin Sign Guy' Sells His Bitcoin SignIs Bitcoin likely to drop further. And New Zealand looks closer at digital cash.

The reserve bank of New Zealand is considering a 2000 dollar holding limit which is similar to the digital Euros benchmark. The consultation paper said that digital cash could boost competition in the country's payments landscape by supporting new types of money and payment services from the private sector. Central banks around the world have been exploring, issuing their own digital currencies, otherwise known as central bank, digital currencies or CBD CS.

 

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JPMorgan expects bitcoin's price to dip after the halvingBitcoin's price is expected to decline post-halving as the event has already been priced in, according to JPMorgan analysts.
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