Markets
JPMorgan predicts cryptocurrency market recovery from August
JPMorgan says it expects cryptocurrency liquidations to ease during July and then recover from August onwards.
- revised its year-to-date cryptocurrency net inflow estimate from $12 billion to $8 billion
- the reduction in estimated net inflow is largely driven by the decline in bitcoin reserves on exchanges over the past month
- citing Mt. Gox, Gemini lenders and sales of assets seized by the German government