July 25, 2022

JPMorgan Sees Crypto Retail Demand Improving

JPMorgan reports increased demand for cryptocurrency

According to JPMorgan Bank, the upcoming merger of Ethereum, has improved retail investor sentiment, thereby increasing demand for the cryptocurrency.

The company cited deleveraging and liquidations on it, as well as a recovery in the stETH 1-to-1 exchange rate to ETH. The report also mentioned increased activity on the Ethereum network.

JPMorgan stressed that the market growth is not due to the inflow of funds from crypto funds, but due to the activity of retail investors.

According to JPMorgan, Ethereum network activity has increased along with rising investor sentiment. Bitcoin and ethereum are up 30.82% and 72.86%, respectively, since hitting lows of $17,600 and $876 in June.

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Jack Evans

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About the author

I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments. 

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