Crypto markets have hit the floor, says JP Morgan

  • With Bitcoin crossing the psychologically important level of $24,000, the crypto market has reclaimed $1 trillion level in market value, led by a rise in the prices of blue-chip tokens.
  • Anticipation over the Merge, a much-awaited upgrade to the Ethereum network, is the main driver behind a rally in cryptocurrencies over the last few weeks, financial services firm JP Morgan said, and claimed the market had hit the floor despite subdued trading volumes.


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