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JPMorgan sounds alarm over ‘frothy’ crypto markets after August boom


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559698bc836be4174c42841b3c473303Cryptocurrency53 minutes ago (Sep 04, 2021 03:40AM ET)


JPMorgan sounds alarm over ‘frothy’ crypto markets after August boom

JPMorgan (NYSE:) 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.

In a note to clients reported by Markets Insider, the JPMorgan analysts suggested valuations in crypto markets, especially altcoins and nonfungible tokens (NFT), are getting too high.

Figures for OpenSea in August. Source: DappRadar

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