JP Morgan forecasts a crypto market rebound and an altcoin surge by August as major liquidation pressures ease. They expect 75% of top altcoins to outperform Bitcoin.

Key Insights:

  • JP Morgan predicts the crypto market will rebound in August, with heavy liquidations from Germany, Mt Gox, and Gemini subsiding by the end of July.

  • The report suggests that the slowdown of these outflows will cease impacting the market by August.

  • Currently, only 30% of the top 50 altcoins are outperforming Bitcoin, but JP Morgan expects around 75% to rise alongside Bitcoin in August.

  • The altcoin season index indicates a more neutral market where both altcoins and Bitcoin can thrive simultaneously.


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