ChainCatcher news, according to Coindesk, JPMorgan Chase said in its latest research report that the crypto market is expected to rebound in August.

Due to the liquidation of creditors of Mt. Gox and Gemini and the German government's sale of cryptocurrencies seized from criminal activities, the reserves of Bitcoin in major exchanges have declined in the past month, causing the bank to lower its year-to-date estimate of net flows in the crypto market from $12 billion to $8 billion.

The report pointed out that liquidation activities should end this month and the market will recover from August.