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JPMorgan Chase: Crypto Market Expected to Rebound in August

JPMorgan Chase: Crypto Market Expected to Rebound in August

Odaily2024/07/11 13:18
By:Odaily
Odaily News JPMorgan Chase released a research report stating that it expects the crypto market to rebound in August. The estimated net cryptocurrency flows fell from $12 billion previously to $8 billion, including $14 billion in net flows into cryptocurrency funds as of July 9, $5 billion in futures flows from the Chicago Mercantile Exchange (CME), $5.7 billion in funding for cryptocurrency venture capital funds so far this year, minus a $17 billion adjustment to account for rotation from exchange wallets to new spot ETFs. (CoinDesk)
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Bitcoin
Bitcoin
BTC
$85,318.73
+1.64%
Ethereum
Ethereum
ETH
$1,649.67
+4.50%
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Tether USDt
USDT
$0.9999
+0.03%
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XRP
$2.16
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$598.14
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SOL
$131.79
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USDC
$0.9998
-0.01%
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DOGE
$0.1686
+4.44%
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TRON
TRX
$0.2467
+1.38%
Cardano
Cardano
ADA
$0.6588
+4.44%
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