JP Morgan: Cryptocurrency market lacks significant short-term catalysts
2024-09-06 12:08:21
In a research note on Friday, JPMorgan noted that the cryptocurrency market totaled $2.02 trillion at the end of last month, down 24 percent from its March peak, and said it was waiting for the next development catalyst and "enhanced retail engagement." "Overall, the crypto ecosystem lacks significant catalysts, so we expect crypto token and asset prices to be more sensitive to macro factors."
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