The banking giant JPMorgan has published a report on the current state of the cryptocurrency market.
In a recent report published by JPMorgan, it was stated that mining companies’ stocks have decreased before the Bitcoin halving, noting that this could be a good entry point.
The report also stated that Bitcoin has gained 43% since the beginning of the year and 130% in the last six months, and that “a portion of the typical rally after halving may have been brought forward.”
JPMorgan analysts Reginald Smith and Charles Pearce commented on the matter, predicting an increase in volatility and volumes as the halving approaches:
With the Bitcoin halving on the horizon, we expect an increase in volatility and trading volume in both Bitcoin and mining shares.
