JPMorgan Says Bitcoin & Crypto Market Will Rebound in August
Investment banking giant JPMorgan recently said that Bitcoin and the greater cryptocurrency market will see a massive rebound take place in August. Indeed, the bank also noted that ongoing liquidations taking place in the market are expected to last through the end of July. The bank had also lowered its year-to-date net flow estimation in an updated projection. Specifically, the firm forecasts $8 million in flows as opposed to previous $12 billion prediction. Over the last several weeks, the market has faced increased selling pressure. Especially from continued offloading by the German government. JUST IN: JPMorgan says crypto market will rebound in August. — Watcher.Guru (@WatcherGuru) July 11, 2024 Also Read: US Bitcoin Miners Hit Record $22.8B Market Cap, Says JPMorgan JPMorgan Expects Crypto Bounce Back in August Source: Watcher.Guru In a research report issued this week, JPMorgan forecasted both Bitcoin and the crypto market as a whole to bounce back in August. The bank...