JPMorgan Analysts Predict Stabilizing Crypto Market Amid Recent Downturns
According to a report by Bloomberg, JPMorgan Chase analysts, including Nikolaos Panigirtzoglou, recently released a research note suggesting that the cryptocurrency market is likely to stabilize in the near term. The report attributes this outlook to a decline in open interest in CME Bitcoin futures contracts, which usually signals a weakening price trend. The analysts…