BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home BREAKING NEWS

Bloomberg Warns Crypto Rally May Fizzle Despite ETF Hopes

BlockNews.com Team by BlockNews.com Team
November 9, 2023
in BREAKING NEWS, CRYPTO, FEATURED
Reading Time: 2 mins read
#image_title

#image_title

1
SHARES
22
VIEWS
Share on XShare in TelegramShare on Reddit
  • The recent crypto rally appears overdone according to JPMorgan analysts, who are skeptical about its sustainability
  • Factors driving the rally include prospects of a Bitcoin ETF approval in the US and perceived wins for crypto in SEC legal cases
  • Reasons for caution include the Bitcoin halving already being priced in and likelihood of a “buy the rumor, sell the fact” effect after ETF approval

JPMorgan analysts have expressed skepticism about the sustainability of the recent surge in crypto markets, stating that the “crypto rally looks overdone.”

Factors Driving the Crypto Rally

Prospects of a Bitcoin ETF Approval

JPMorgan analysts identified the prospect of a spot bitcoin ETF approval in the US as one factor that has seemingly led to the crypto rally over the past month. The idea is that a bitcoin ETF could bring new money into crypto markets. However, the analysts are skeptical that fresh capital will actually enter newly approved spot bitcoin ETFs.

Perceived SEC Defeat

The second main factor is the SEC’s apparent defeats in its Ripple and Grayscale legal cases. Some believe this could lead to more lenient crypto regulations. But the JPMorgan analysts say it’s uncertain if regulations will ease given the unregulated state of the crypto industry.

🚨 NEWS: JPMorgan Analysts believe the current crypto rally is "overdone."

Overenthusiasm surrounding spot #Bitcoin ETFs and recent 🇺🇸 SEC legal cases were cited as reasons. pic.twitter.com/LcjVFWOo5f

— BlockNews.com (@blocknewsdotcom) November 9, 2023

Reasons for Caution

Bitcoin Halving Already Priced In

Some are optimistic about the upcoming Bitcoin halving event in 2024. But JPMorgan says this event, which reduces bitcoin supply, is already priced into the current bitcoin price.

Likelihood of “Buy the Rumor, Sell the Fact”

Overall, the analysts are cautious on crypto markets going forward. They see a high chance of a “buy the rumor, sell the fact” effect after the expected SEC approval of spot bitcoin ETFs.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BitcoinBlockchaincryptoCrypto Exchange
TweetShareShare
BlockNews.com Team

BlockNews.com Team

The go-to news source for Cryptocurrency, Blockchain, Technology, & Finance

DON'T MISS THESE! HOT OFF THE PRESS

Here is What Aave’s CEO Just Revealed About the Q4 2025 Upgrade
CRYPTO

Here is What Aave’s CEO Just Revealed About the Q4 2025 Upgrade

September 17, 2025
How to Go From Zero to Your First Profitable Trade in Crypto (2025)
BITCOIN

How to Go From Zero to Your First Profitable Trade in Crypto (2025)

September 17, 2025
What Happened in Crypto Today? – September 17: Fed Interest Rate Decision, Bullish DOGE and LINK News
CHAINLINK

What Happened in Crypto Today? – September 17: Fed Interest Rate Decision, Bullish DOGE and LINK News

September 17, 2025
What is Arbitrum? Why ARB is an Underpriced Crypto Gem Hiding in Plain Sight
CRYPTO

What is Arbitrum? Why ARB is an Underpriced Crypto Gem Hiding in Plain Sight

September 17, 2025
Here is Why Experts Predict a 40X Rally for Pepe Coin After $25M Whale Outflow
CRYPTO

Here is Why Experts Predict a 40X Rally for Pepe Coin After $25M Whale Outflow

September 17, 2025
Here is Why SUI Could Soar 200% on Google Cloud Partnership and ETF Buzz
CRYPTO

Here is Why SUI Could Soar 200% on Google Cloud Partnership and ETF Buzz

September 17, 2025
Load More

Related News

Coinbase Teams Up with Ethereum Foundation on Open Intents Framework

Coinbase Teams Up with Ethereum Foundation on Open Intents Framework

September 18, 2025
Here is What Aave’s CEO Just Revealed About the Q4 2025 Upgrade

Here is What Aave’s CEO Just Revealed About the Q4 2025 Upgrade

September 17, 2025
How to Go From Zero to Your First Profitable Trade in Crypto (2025)

How to Go From Zero to Your First Profitable Trade in Crypto (2025)

September 17, 2025
What Happened in Crypto Today? – September 17: Fed Interest Rate Decision, Bullish DOGE and LINK News

What Happened in Crypto Today? – September 17: Fed Interest Rate Decision, Bullish DOGE and LINK News

September 17, 2025
Jerome Powell October Rate Decision Outlook: What to Expect and How it Will Effect You

Jerome Powell October Rate Decision Outlook: What to Expect and How it Will Effect You

September 17, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews