📉 JPMorgan predicts a crypto market rebound starting in August, despite reducing year-to-date net flows from $12 billion to $8 billion. The bank's analysts expect liquidations to subside this month, offering a glimmer of hope for Bitcoin and other cryptocurrencies. However, BTC's price remains high relative to its production cost and gold, and sell-off pressure continues. 🏦

The German government's recent sell-off of 50,000 BTC seized from a piracy site and the halving of network rewards have contributed to the market downturn. Bitcoin currently trades around $57,330, down more than 13% in the past month.

What's your take on this? Will the crypto market bounce back? Share your thoughts below! 👇