JPMorgan Chase & Co. Warns that any rise in the crypto market from here will probably be more limited. Based on their predictions about the relationship between Stablecoin and the rest of the crypto market, the bank's analysts explained that Stablecoin's share of the total crypto market cap no longer shows too much.
Global investment bank JPMorgan warned in a note released last week about the limited rise in the cryptocurrency market.
JPMorgan views the total cryptocurrency market value of Stablecoin shares as an indicator of the likelihood of a rally or fall. Previously, when stablecoins accounted for about 10% of the total crypto market cap, JPMorgan analyst Panigirtzoglou said it points to further upside for the crypto market.