Bitcoin, Ethereum Need New Catalyst For 'Enhanced Retail Engagement,' JPMorgan Says

According to a new JPMorgan report, the cryptocurrency market needs a new catalyst to drive the sector forward and spark “enhanced retail engagement” to reverse August's market downtrend. What Happened: JPMorgan analysts, led by Kenneth Worthington, highlighted the broader challenges facing the crypto ecosystem, stating, “Overall, we continue to see the crypto ecosystem lacking major catalysts, and we thus expect crypto token and asset prices to be incrementally more sensitive to macro factors,” Coindesk reported.

Source: benzinga.com

Related symbols: BTCUSD

2024-09-09 12:18:03 GMT.