Markets
JPMorgan predicts cryptocurrency market recovery from August
JPMorgan expects cryptocurrency liquidations to taper in July, then pick up again from August.
- revised down its estimate of net cryptocurrency inflows since the start of the year, from US$12 billion to US$8 billion
- The reduction in estimated net flow is largely due to the decline in bitcoin reserves on exchanges over the past month
- citing Mt. Gox, Gemini creditors and German government sales of seized assets
