JPMorgan Analysts Say Bitcoin Rally ‘Overdone’, Question Crypto Market Fundamentals

JPMorgan analysts are unconvinced by Bitcoin’s price rally. Image by Waqas, Adobe Stock. In a report published Wednesday, JPMorgan analysts cast doubt on the sustainability of the latest bitcoin rally, stating that the sharp gains look ‘overdone’ relative to the cryptocurrency’s underlying fundamentals. Analysts led by Nikolaos Panigirtzoglou identified two primary catalysts behind bitcoin’s 30% The post JPMorgan Analysts Say Bitcoin Rally ‘Overdone’, Question Crypto Market Fundamentals appeared first on Cryptonews .