JPMorgan, known for its earlier prediction of a post-Halving drop in Bitcoin's price, has now adopted a cautious stance on cryptocurrencies in the short term. The bank cites a lack of positive catalysts and declining retail investor interest as key factors. Despite recent news of potential institutional involvement in Bitcoin ETF markets by firms like Blackrock and BNP Paribas, JPMorgan maintains its cautious outlook due to ongoing challenges such as high Bitcoin prices relative to gold, subdued crypto venture capital funding, and retail investor selling across crypto and equity assets in the past month.#BTC#altcoins#eth
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