Downside risk in crypto market is ‘limited’ after August correction, says JPMorgan

  • 📰 CNBC
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

JPMorgan sees limited downside risk for crypto markets in the near term.

Bitcoin remains stuck in an environment of low liquidity, thin trading volumes and few, if any, catalysts to take it higher. After the recent correction, however, most downside risk is behind us, according to JPMorgan. Late last Thursday the price of bitcoin dropped as much as 9% , briefly dropping below $26,000, following weeks of sluggishness that were expected to eventually end with upward volatility.

" "An appeal by the SEC could result in a trial with the outcome not expected until next year, inducing a new round of legal uncertainty for crypto markets and making them sensitive to any mid-process news," he added, referencing the SEC appealing against a district court's decision in its case against Ripple.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 12. in RU

Россия Последние новости, Россия Последние новости