JPMorgan forecasts a crypto market recovery beginning in August

JPMorgan says its expecting a diminishing in crypto liquidations during July, and then a recovery starting in August.

  • revised its year-to-date crypto net flow estimate down from US$12 billion to US$8 billion
  • reduction in the estimated net flow is largely driven by the decline in bitcoin reserves across exchanges over the past month
  • citing Mt. Gox, Gemini creditors, and sales by the German government of seized assets

More detail here.

This article was written by Eamonn Sheridan at www.forexlive.com. Source