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Crypto markets have 'found a floor' as anticipation builds that Ethereum merge is viable in 2022, JPMorgan says

1 month ago   |   By Business Insider

Bitcoin has tumbled in 2022 but JPMorgan has warmed to the asset. Getty Images Crypto prices may have "found a floor" in recent weeks, JPMorgan said in a note on Monday. Bitcoin has jumped 36% from its mid-June low, while ether is up 102% over the same time frame. "We think the real driver has been the Ethereum merge and positive data... indicating the merge is viable in 2022," JPMorgan said. After bitcoin fell as much as 75% from its peak, crypto markets appear to have "found a floor," JPMorgan said in a note on Monday. Bitcoin and ether have surged 36% and 102% from their mid-June lows...
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