Rebound in Crypto Market In the Near-Term Is Likely To Be Temporary: JPMorgan

JP Morgan, in a research report last week said that any rebound in cryptocurrency markets in the near term is likely to be tactical and not the beginning of a new long-term bullish uptrend. This was because the price of bitcoin (BTC) is currently too high versus its production cost of $43,000, and relative to … source: https://coinpedia.org/crypto-live-news/rebound-in-crypto-market-in-the-near-term-is-likely-to-be-temporary-jpmorgan/