Banking giant JPMorgan has released a report on the current state of the cryptocurrency market.
In a recent report issued by JPMorgan, it was noted that mining companies’ stocks had decreased before the Bitcoin halving, indicating that it could be a good entry point.
The report stated that Bitcoin has gained 43% since the beginning of the year and 130% in the last six months, while suggesting that “a significant portion of the typical rally post halving may have been pulled forward.”
JPMorgan analysts Reginald Smith and Charles Pearce predict an increase in volatility and trading volumes with the halving approaching:
With the Bitcoin halving on the horizon, we expect increased volatility and trading volumes in both Bitcoin and mining stocks.
