JPMorgan pointed to the factors of the crypto market’s imminent recovery
Analysts noted the involvement of major players in containing the collapse and the steady inflow of venture capital investments into the industry
01.07.2022 - 07:25
331
2 min
0
What’s new? Analysts at JPMorgan, a financial holding company, believe that the cryptocurrency market will soon hit the bottom, after which digital asset rates will begin to rise. According to experts, three factors point to this. Thus, major players, such as the FTX exchange, have begun to provide financial support to struggling companies amid the falling market. In addition, the industry is deleveraging, while venture capital investments, on the other hand, show a steady inflow — in May and June, the crypto sector attracted about $5 billion.
What else did analysts add? Despite the positive predictions, technical analyst Katie Stockton expects the negative indicators to persist for a few more months before a sustainable rebound can take form.
According to analysts, the market is in decline as the collapse of the Terra ecosystem has eroded investor confidence and triggered a wave of deleveraging. The deleveraging has also been influenced by miners, who have begun selling off their BTC holdings to settle on loans taken out to expand their businesses.
JPMorgan noted that companies that have used high leverage are in a vulnerable position and may not survive this crypto winter. One of these players was the well-known cryptocurrency hedge fund Three Arrows Capital (3AC) — on June 29, a court in the Virgin Islands ordered its liquidation. Earlier, crypto exchanges FTX, Deribit, and BitMEX liquidated the fund’s positions as it failed to settle margin calls.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$98 331
BTC
+1.23%
-
Ethereum
$3 317.55
ETH
-0.3%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.45
XRP
+29.42%
-
Dogecoin
$0.401366
DOGE
+3.89%
-
Cardano
$0.914503
ADA
+16.17%
-
Bitcoin Cash
$482.71
BCH
-0.62%
-
Polkadot
$6.23
DOT
+6.56%
-
Stellar XLM
$0.298522
XLM
+24.16%
-
Litecoin
$90.4
LTC
+1.5%