JP Morgan: Cryptocurrency market expected to rebound in August
2024-07-11 12:42:45
JPMorgan Chase (JPM) said in a research note on Wednesday that cryptocurrency liquidations should weaken this month, with the market expected to rebound from August. The bank said the drop in reserves could be the result of creditors of Gemini or Mt. Gox liquidating bitcoin, or the German government selling bitcoin.
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