Bitcoin Dip Doesn’t Worry JPMorgan Analysts: ‘We See Limited Downside To Crypto’

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On Saturday morning, Bitcoin (CRYPTO: BTC) was valued at roughly $26,043.51, down by a percent in the last seven days. But over the preceding two weeks, the leading cryptocurrency experienced a dip of close to 12%, following a month of relative stability. JPMorgan Chase & Co. (NYSE: JPM) analysts are optimistic that the cryptocurrency market’s recent decline might be approaching its finale. This observation stems from the diminishing open interest in CME Bitcoin futures contracts, a sign that often hints at a fading price momentum. The analysts “see limited downside for crypto markets over the…

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