Bitcoin Nears $33,000 as JPMorgan Opens Doors to Crypto
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On Friday, July 23, bitcoin (EXANTE: Bitcoin) continues its climb. As of press time, the largest cryptocurrency by market capitalization is up by 1.76% and is trading at the $32,633.34 mark, according to EXANTE.

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Bitcoin Nears $33,000 as JPMorgan Opens Doors to Crypto

Chart of the USD/BTC trading pair from EXANTE

Ether (ETH), for its part, is up by 4.64% at $2,082.23, while binance coin (BNB) gains 1.85% and is now trading at the $299.95 mark.

FxPro's team of analysts says there is an increased chance of more sideways and for the crypto market this format does not bring any positive as the appearance of stability in this case serves as a harbinger of a sale.

"The market has run out of buyers so far. However, there are no sellers for healthy reboot."

iHodl earlier reported that JPMorgan now allows its financial advisors to give retail clients access to cryptocurrency funds. From now on, advisors can take orders to buy or sell five crypto-focused products. Four of them are from Grayscale Investments (GBTC, BCHG, ETHE, ETCG) and one from Osprey Funds (OBTC), the source added.

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