摩根大通說，比特幣（BTC）和其他加密貨幣的需求較弱。

在一份新報告中，美國銀行摩根大通（JPM）表示，比特幣（BTC）和其他加密貨幣的需求疲軟和缺乏積極的催化劑。

Major U.S. bank JPMorgan Chase (NYSE:JPM) says that Bitcoin (BTC) and other cryptocurrencies are suffering from weak demand and a lack of positive catalysts, which has caused prices for the largest and most popular digital currencies to slide in recent weeks.

美國少校摩根大通（NYSE：JPM）表示，比特幣（BTC）和其他加密貨幣遭受需求疲軟和缺乏積極的催化劑的困擾，這導致了最近幾週最大，最受歡迎的數字貨幣來下滑的價格。

“This is a negative development and indicative of demand weakness,” JPMorgan analyst Nikolaos Panigirtzoglou wrote in a note to clients, adding that institutional investors cashing out after Bitcoin’s big run last fall is likely also contributing to the current weakness in the crypto market.

摩根大通分析師Nikolaos Panigirtzoglou在給客戶的註釋中寫道：“這是一個負面的發展，並表明了需求疲軟。

Moreover, supportive crypto policies from U.S. President Donald Trump aren’t likely to kick-in until the second half of this year, leaving crypto without any near-term catalysts.

此外，美國總統唐納德·特朗普（Donald Trump）的支持性加密政策直到今年下半年都不可能啟動，而加密貨幣（Crypto）沒有任何近期催化劑。

Slumping Demand

需求下滑

Lower demand from momentum-driven funds is also likely impacting demand for crypto currently, adds JPMorgan. The price of BTC, the largest crypto by market capitalization, is currently at $98,320, down from a record high of $109,300 on Jan. 20 of this year, the date of Trump’s inauguration.

摩根大通補充說，以動量驅動的資金對勢頭驅動的基金的需求也可能影響目前對加密貨幣的需求。 BTC的價格是市值最大的加密貨幣，目前為98,320美元，低於今年1月20日的創紀錄的109,300美元，即特朗普就職日期。

In other crypto news, exchange Coinbase Global (NASDAQ:COIN) announced that the U.S. Securities and Exchange Commission (SEC) has dropped its enforcement case against the company. Analysts say dismissal of the Coinbase case will have long-term positive ramifications for other crypto enforcement cases and the industry as a whole.

在其他加密新聞中，Exchange Coinbase Global（NASDAQ：COIN）宣布，美國證券交易委員會（SEC）已撤銷了針對該公司的執法案件。分析人士說，對Coinbase案件的解僱將對其他加密執法案件和整個行業產生長期的積極影響。

Is BTC a Buy?

BTC是購買嗎？

Most Wall Street firms don’t offer ratings or price targets on Bitcoin, so we’ll look at the cryptocurrency’s three-month performance instead. As one can see in the chart below, the price of BTC has declined 0.79% in the last 12 weeks.

大多數華爾街公司都不提供比特幣的評級或價格目標，因此我們將研究加密貨幣的三個月性能。正如下圖中可以看到的那樣，在過去的12週內，BTC的價格下跌了0.79％。