July 12, 2024 at 03:24AM
JPMorgan says its expecting a diminishing in crypto liquidations during July, and then a recovery starting in August.
revised its year-to-date crypto net flow estimate down from US$12 billion to US$8 billion
reduction in the estimated net flow is largely driven by the decline in bitcoin reserves across exchanges over the past month
citing Mt. Gox, Gemini creditors, and sales by the German government of seized assets
More detail here.
This article was written by Eamonn Sheridan at www.forexlive.com.
JPMorgan forecasts a crypto market recovery beginning in August