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JPMorgan Sees Limited Downside for Crypto Markets in the Near Term

News that Elon Musk’s SpaceX had written off some of its bitcoin holding in the previous quarter acted as an additional catalyst for the correction in crypto markets in August, the report said.

By Will Canny|Edited by Parikshit Mishra

Updated Aug 25, 2023, 3:56 p.m. Published Aug 25, 2023, 8:58 a.m.

JPMorgan expects the selling pressure in the crypto market to end soon. (Shutterstock)

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