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<ul class="news-points"> 
 <li>A JPMorgan report highlighted that retail traders led the February crypto market rally.</li> 
 <li>The report factored in inflows into recently approved spot Bitcoin funds.</li> 
 <li>Retail traders’ resurgence led by optimism for Bitcoin halving, Ethereum network upgrade, and ETH ETFs.</li> 
</ul> 
A new report from JPMorgan has suggested that retail traders have emerged as key players propelling the resurgence of the cryptocurrency market in February. Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-02-22/jpmorgan-sees-retail-traders-jump-back-into-crypto-markets-in-february" target="_blank" rel="nofollow">captured</a> details of the analysis from JPMorgan in a recent report. 
As per the report, the resurgence of ‘mom-and-pop’ investors in crypto markets following the January crash is the driving force behind the recent surge in popular cryptocurrencies like <a href="https://coinedition.com/can-bitcoin-reach-55000-what-about-hedera-hashgraph-hbar/">Bitcoin</a>, reaching multi-year highs. 
Specifically, the research team led by Nikolaos Panigirtzoglou, Managing Director of JPMorgan, argued that on-chain Bitcoin flows from small wallets have significantly outpaced those from institutional investors. Besides, the report noted that inflows into recently approved spot Bitcoin funds were factored into the analysis. 
This was necessary to prevent large institutional wallets from appearing artificially inflated, as they include funds f…
The post <a href="https://coinedition.com/retail-traders-drive-crypto-market-surge-in-february-jpmorgan-reports/">Retail Traders Drive Crypto Market Surge in February, JPMorgan Reports</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Retail Traders Drive Crypto Market Surge in February, JPMorgan Reports

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