JPMorgan: Crypto Downturn Not 'Winter', Bullish Outlook Unchanged
Update: 2025-12-10
Description
JPMorgan downplays current crypto market downturn, labeling it a meaningful correction rather than a crypto winter. Bitcoin and Ethereum see price fluctuations, with Ethereum leading a six percent increase. PNC Bank offers Bitcoin spot trading to private clients, indicating growing acceptance of digital assets. Short-term factors like exchange-outflows, liquidations, and seasonal illiquidity contributed to the sell-off, but JPMorgan maintains a long-term bullish outlook. Senator Cory Booker warns of political hurdles for crypto regulation, while Meteora teases New Meteora for 2026, signaling continued innovation.
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