JP Morgan: The recent cryptocurrency market sell-off has been driven by retail investors
2024-05-02 19:45:20
The JPMorgan report said it maintained a cautious view of the cryptocurrency market, which has seen significant profit-taking in recent weeks, with retail investors playing a larger role than institutional investors in the sell-off. Bitcoin fell 16 per cent in April, its biggest monthly decline since June 2022. The market still faces headwinds such as higher positioning.
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