A team of JPMorgan specialists, led by senior analyst Nikolaos Panigirtzoglou, published a report that identifies factors posing risks to the cryptocurrency market. These include a decline in interest from retail investors in digital assets, an insufficient level of funding from venture capital funds, as well as uncertainty about further regulation of the industry on a global scale.

“In the absence of positive catalysts, we maintain a cautious stance on the cryptocurrency market in the near term,” JPMorgan noted.

Earlier, JPMorgan analysts said they expected Bitcoin to decline after the halving. Financial corporation specialists made this conclusion after analyzing the open interest in futures for the first cryptocurrency.