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

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


The crypto market is expected to rebound from August onward, the report said. The bank reduced its year-to-date net flow estimate to $8 billion from $12 billion. 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 (JPM) 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

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