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Crypto Pulse Daily: JPMorgan Drops 2026 Fed Rate Cut Expectations, Bitcoin Comes Under Pressure

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Standard Chartered is looking at expanding into crypto trading through a prime brokerage service. The London-based bank has approximately $850 billion assets under management and is aiming to fulfill institutional needs to trade crypto.

Bitcoin plunges as financial giant JPMorgan Chase no longer anticipates any Fed rate cuts in 2026. Following the latest US jobs data, banks such as Barclays, Goldman Sachs, and Morgan Stanley have also postponed their Fed rate cut calls..

Bitcoin price continues to compress below key resistance as macro risk re-enters the equation. BTC price trades within a tightening range after failing to reclaim higher ground, while external pressure builds around U.S. monetary credibility. The Federal Reserve Chair Jerome Powell investigation by the Department of Justice creates institutional uncertainty at an opportune time when risk assets are sensitive.

Monero (XMR), the popular privacy-focused cryptocurrency, has surged to a new all-time high above $592. This comes after the wider crypto market records indications of a revival following a week of stagnation. 

Most major cryptocurrencies are range-bound, whereas Monero is up 20% in the last 24 hours and up a whopping 40% in the last week..