Many friends are saying that it feels like good news, so why hasn't $BTC risen?

In fact, this event was anticipated on the very day SAB121 was lifted, and the SEC has already stated multiple times that it does not oppose banks entering the cryptocurrency market. Therefore, JPMorgan's announcement was already expected, and it may not even be the first to engage in cryptocurrency collateralized lending.

However, this action is definitely a positive for Bitcoin and compliant cryptocurrencies, but the reaction will be long-term. In the short term, this is just news within expectations that can excite people a bit, but it is very different from Trump's TACO.

The impact is profound, and the effects will be gradual.

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