Global investment bank JPMorgan warned in a report last week that the upside for the cryptocurrency market is limited.
JPMorgan Chase sees stablecoins’ share of the total cryptocurrency market value as an indicator of upside or downside potential.
The share of stablecoins in the total cryptocurrency market capitalization no longer looks excessive, currently below 7%, so JPMorgan believes that the room for further gains in the crypto market may be more limited.
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