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Cryptocurrency News

Crypto deleveraging coming to an end

07/02/2022

Less than a minute

2022.07.02 09:46

crypto deleveraging coming to an end

The historic deleveraging of the cryptocurrency market could be coming to an end, which could signal the close of the worst of the bear market, according to a JPMorgan (NYSE:JPM) analyst.

In a Wednesday note, JPMorgan strategist Nikolaos Panigirtzoglou highlighted the increased willingness of firms to bail out companies and a healthy pace of venture capital funding in May and June as the basis for his optimism. He said key indicators support the assessment: