ChainCatcher news, JPMorgan Chase (JPM) pointed out in a research report on Friday that as of the end of last month, the total cryptocurrency market was $2.02 trillion, down 24% from the peak in March, and said it was waiting for the next development catalyst and "increased retail participation."

Analysts led by Kenneth Worthington wrote: "Overall, we continue to see a lack of major catalysts in the crypto ecosystem, so we expect crypto tokens and asset prices to be more sensitive to macro factors."