<p>The post <a href="https://coinpedia.org/crypto-live-news/rebound-in-crypto-market-in-the-near-term-is-likely-to-be-temporary-jpmorgan/" rel="noopener noreferrer nofollow">Rebound in Crypto Market In the Near-Term Is Likely To Be Temporary: JPMorgan</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>JP Morgan, in a research report last week said that any rebound in cryptocurrency markets in the near term is likely to be tactical and not the beginning of a new long-term bullish uptrend. This was because the price of bitcoin (BTC) is currently too high versus its production cost of $43,000, and relative to its volatility-adjusted comparison to gold, which is $53,000. It also noted that momentum in bitcoin futures has been weak in recent weeks due to BTC liquidations by creditors of Gemini, Mt. Gox creditors, and the German government.</p>

Rebound in Crypto Market In the Near-Term Is Likely To Be Temporary: JPMorgan

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