According to the analysis of banking giant JPMorgan, the activity in the cryptocurrency markets this month is largely due to individual investors.
According to JPMorgan analysts, individual investors’ interest in the cryptocurrency market “your wish” Its revival is based on three main reasons.
These, “Bitcoin halving, the next big update of the Ethereum network and the expectation that the SEC will approve spot Ethereum ETFs in May” listed as.
JPMorgan analysts say two of these three reasons It is already reflected in cryptocurrency prices.the third event occurred 50% chance he thinks it is.
Blockchain data shows that the activity seen in the markets this month sourced from individual investors It supports that. According to JPMorgan’s research, most of the money flow recorded on the blockchain is from small wallets originated from.
Analysts also like Block, PayPal and Robinhood individual investor He pointed out that transaction volumes on focused platforms increased.