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Benzinga
Benzinga
Business
Samyuktha Sriram

JPMorgan Analysts List 2 Reasons Why Crypto Deleveraging Will End Soon

JPM JPMorgan Crypto Nikolaos Panigirtzoglou Bitcoin

Analysts at JPMorgan Chase & Co believe there are two strong reasons to suggest that the end of the cryptocurrency bear market is near.

What Happened: In a note to clients seen by Business Insider on Wednesday, JPM strategist Nikolaos Panigirtzoglou reasoned that recent events give reason to believe that deleveraging in the cryptocurrency sector could be in its final stages.

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