JPMorgan analysts have warned clients that cryptocurrency mark | STIPS|Oculus

JPMorgan analysts have warned clients that cryptocurrency markets are looking frothy after the August trading boom saw spot market trading volumes once again top $1 trillion.

The bank’s analysts noted that altcoin trading now accounts for about 33% of the total cryptocurrency market, up from just 22% at the beginning of August.

Although many crypto traders are delighted at the price increases, the analysts believe the apparent uptick in interest may not be substantial enough to be maintained for an extended period of time.

You can view cryptocurrency signals for altcoins on our platform.