JPMorgan Analysts Says Challenging Phase for Crypto Markets Has Passed



JPMorgan analysts believe that the challenging phase for the crypto markets has passed, as the unwinding of long positions appears to be nearing completion. Despite a correction in the market due to fading positive news and liquidations, the analysts see limited downside for crypto markets in the near term. The correction in the crypto market was in line with a broader correction in risk assets, and news of SpaceX liquidating its Bitcoin holdings also contributed to the market correction.
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