JPMorgan: Recent Cryptocurrency Market Sell-Off Driven by Retail Investors
JPMorgan Chase maintains its view of stability in the cryptocurrency market, according to a report. The cryptocurrency market has seen a sharp retracement of gains in recent weeks, with retail investors playing a bigger role in the sell-off than institutional investors. The cryptocurrency fell 16% in April, the biggest one-month drop since June 2022. The market continues to face unfavorable factors such as the rise in so positions.
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