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JP Morgan has issued an alarming report on the crypto market, signaling a significant shift. According to the analysis, the total market value of cryptocurrencies has plummeted to $2.02 trillion, marking a sharp 24% decline from its peak in March. This dip is seen as a reflection of growing uncertainties and a lack of strong catalysts driving retail participation.

Leading the report, Kenneth Worthington from JPMorgan stated: "The crypto ecosystem still lacks the necessary momentum and drivers to push forward. Prices are increasingly vulnerable to macroeconomic forces, and until we see stronger catalysts, the market will remain sensitive to external pressures."

This could be a critical moment for traders and investors, with the market's next move hinging on upcoming developments. Stay alert and prepared!#JPMorganBitcoin #CryptoNewss