Recent crypto rally driven by 'retail impulse,' says JPMorgan | Trade Crypto Now

Recent crypto rally driven by 'retail impulse,' says JPMorgan

The recent surge in crypto prices appears to be fueled by individual traders making impulsive decisions rather than being driven by institutional investors or market fundamentals, according to JPMorgan analysts. "Similar to equities, we find that the retail impulse into crypto rebounded in February, thus likely responsible for this month's strong crypto market rally," JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in a note on Thursday.

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