JPMorgan Chase reported that the total cryptocurrency market capitalization was $2.02 trillion at the end of August, down 24% from the peak of $2.67 trillion in March this year. The cryptocurrency market lacks major catalysts in the short term, and crypto tokens and asset prices are expected to be more sensitive to macro factors. Stablecoins are an exception as their total market capitalization has increased and trading volume has also increased compared to the previous month. (CoinDesk)