JPMorgan Chase: Cryptocurrency market expected to see net inflows of $8 billion this year
On July 16th, Morgan Stanley recently released a research report indicating that the "clearing storm" of cryptocurrencies that has been weighing down the market for months is over. It is believed that the net inflow of funds into the cryptocurrency market will reach $8 billion this year, and Bitcoin will experience another wave of growth in August. Cryptocurrency industry insider Elvis also stated that there have been some optimistic signals recently, including a decrease in selling by Bitcoin mining companies in the past month and a recovery of net inflows into US spot ETFs.
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