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JPMorgan Analyst Says Cryptos’ Slide Is Nearing End

July 08, 2022 at 12:50 PM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

Cryptocurrency traders have been counting major losses as crypto prices tumbled in recent weeks. For many investors who were hoping to earn a quick buck from the cryptocurrency market, the past few months have been a sobering moment. Bitcoin, the largest cryptocurrency on the globe, dropped from an all-time high of $69,000 in November 2021 to $19,165 by the end of June.

Plenty of crypto investors have lost money due to the market slump, and the future looks grim at best. However, a JPMorgan analyst has predicted that there will be a light at the end of the tunnel. The strategist predicts that the crypto crash is nearing its end as crypto companies in the red turn to…

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Symbol

Price

Change (%)

AMZN

238.55

-2.96 (-1.23%)

AAPL

291.13

-4.50 (-1.52%)

AMD

511.57

+23.12 (4.73%)

BAC

56.02

+0.86 (1.56%)

GOOG

358.16

+1.60 (0.45%)