JPMorgan Strategist Predicts US Liquidity to Contract as Temporary Boosts Fade
Submitted by Anonymous (not verified) on Wed, 08/28/2024 - 09:40

The Wall Street bank updated its models and price targets for the miners to account for second quarter results and changes in the price of bitcoin

The total market cap of the fourteen publicly listed mining stocks the bank tracks fell 18% since the end of last month, the report said.
Stablecoin issuer Tether has attracted regulatory scrutiny in the past due to its lack of transparency about the composition of its reserves, the r
The share of stablecoins versus total cryptocurrency market capitalization is relatively unchanged this year, the report said.

Retail investors seems to have played large role in recent crypto selloff that saw sharpest correction since FTX, the bank said.

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