Analysts at JPMorgan now assert that optimism among individual investors in cryptocurrencies is on the rise, with a brighter market forecast following extreme downturns.
JPMorgan revealed in a research released on Friday that it expects retail demand for cryptocurrencies to increase. The bank added that the severe phase of deleveraging brought on by falling digital currency prices and deleveraging by prominent lenders is also coming to an end.
Following months of prolonged dips, the global market capitalization for cryptocurrencies has surpassed $ 1 trillion, with small advances. Consequently, investors are closely monitoring the market for the next price movement.