📢 JP Morgan forecasts a recovery in the cryptocurrency market starting in August, but lowers its annual net flow forecasts from $12 billion to $8 billion. 📉

- Bitcoin, which peaked at $73,000 in March, retreated sharply last month due to selling pressure.

- Reasons for the decline include miners dumping BTC after the block reward was halved and the recent sell-off by the German government.

- BTC is trading around $57,330, having lost more than 13% over the past month.

JP Morgan believes that liquidations should decline significantly by the end of July, after which Bitcoin and the entire crypto market could begin to rise. 📈

Your thoughts? Let's discuss in the comments! 👇