Bitcoin has tumbled in 2022 but JPMorgan has warmed to the asset. Getty Images
Redeem now
Crypto prices may have "found a floor" in recent weeks, JPMorgan said in a note on Monday.
Bitcoin has jumped 36% from its mid-June low, while ether is up 102% over the same time frame.
"We think the real driver has been the Ethereum merge and positive data... indicating the merge is viable in 2022," JPMorgan said.
Get the inside scoop on what traders are talking about — delivered daily to your inbox.
Loading Something is loading.
Email address
By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy.
After bitcoin fell as much as 75% from its peak, crypto markets appear to have "found a floor," JPMorgan said in a note on Monday.
Bitcoin and ether have surged 36% and 102% from their mid-June lows, respectively, and the total market value of cryptocurrencies has reclaimed the all-important $1...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...