JPMorgan: The cryptocurrency "clearance tide" has passed, and it is expected that the net inflow of funds will reach 8 billion US dollars this year

A recent research report published by JPMorgan Chase indicates that the cryptocurrency "clearing tide" that has been crushing the market for months is over. It is believed that the net inflow of funds into the cryptocurrency market will reach $8 billion this year, and Bitcoin will rise again in August this year. Cryptocurrency insider Elvis also stated that there have indeed been some optimistic signals recently, including Bitcoin mining companies actually reducing their sell-offs in the past month, and US spot ETFs have seen a recovery in net inflows.

Bitcoin prices began to rebound last week. Yesterday, all listed cryptocurrency ETFs in Hong Kong performed well; Bosera Bitcoin rose 10.4%, reported at 49.1 yuan; Harvest Bitcoin rose 10.2%, reported at 7.88 yuan; FA Samsung Bitcoin (03135) rose 10.2%, reported at 23.4 yuan; FA Southern Bitcoin (03066) rose 10.5% , reported at 23.9 yuan.