ETF redemptions and futures liquidations are pressuring crypto markets, the bank said, even as rising gold volatility quietly strengthens bitcoin's longer-term investment case.
JPMorgan says bitcoin's lower volatility relative to gold might make it 'more attractive' in long term
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JPMorgan said ETF redemptions and futures liquidations are pressuring crypto markets and that rising gold volatility, combined with bitcoin's lower volatility relative to gold, could make bitcoin more attractive over the long term.
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