Crypto Market Rebound Expected in August, Liquidations to Finish By July-End: JPMorgan

Bitcoin reserves across exchanges have fallen in the last month due to liquidations by creditors of Mt. Gox and Gemini, and selling by the German government.

Crypto liquidations should abate this month and the market is expected to rebound from August onward, JPMorgan said in a research report on Wednesday. The bank reduced its year-to-date crypto net flow estimate to $8 billion from $12 billion previously. The Wall Street firm said it was skeptical that the prior estimate of $12 billion would continue for the rest of the year given how high bitcoin“The reduction in the estimated net flow is largely driven by the decline in bitcoin reserves across exchanges over the past month,” analysts led by Nikolaos Panigirtzoglou wrote.The bank’s reduced estimate of $8 billion is comprised of a $14 billion net flow into crypto funds by July 9, Chicago Mercantile Exchange futures flows of $5 billion, $5.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Crypto Venture Capital Market Rebound Extends Into Second Quarter: GalaxyWill Canny is CoinDesk's finance reporter.
Herkunft: CoinDesk - 🏆 291. / 63 Weiterlesen »

Three reasons why crypto market is ready for a rebound in JulyCrypto market is primed for a relief rally in Bitcoin and altcoins per on-chain metrics from crypto data tracker Santiment.
Herkunft: FXStreetNews - 🏆 14. / 72 Weiterlesen »

Crypto Market Expected to Recover Soon by GrayscaleGrayscale's researchers have named several reasons why they remain optimistic despite the recent crypto carnage
Herkunft: Utoday_en - 🏆 295. / 63 Weiterlesen »