JPMorgan Predicts Crypto Market Recovery Will Begin in August
Global investment bank JPMorgan has predicted a crypto market recovery beginning in August. The firm revised its year-to-date crypto net flow estimate from $12 billion to $8 billion
Global investment bank JPMorgan has predicted a crypto market recovery beginning in August.
The firm revised its year-to-date crypto net flow estimate from $12 billion to $8 billion, citing bitcoin liquidations by Mt. Gox creditors and the German government’s seized asset sales as contributing factors.
JPMorgan’s analysts believe this revised net flow will stabilize the market as exchange reserves dwindle.
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