JPMorgan sounds alarm over ‘frothy’ crypto markets after August boom By Cointelegraph


JPMorgan sounds alarm over ‘frothy’ crypto markets after August growth

JPMorgan (NYSE:) analysts have warned purchasers that cryptocurrency markets are wanting frothy after the August buying and selling growth noticed spot market buying and selling volumes as soon as once more prime $1 trillion.

In a notice to purchasers reported by Markets Insider, the JPMorgan analysts advised valuations in crypto markets, particularly altcoins and nonfungible tokens (NFT), are getting too excessive.

Figures for OpenSea in August. Supply: DappRadar