JPMorgan: Crypto Downturn Not 'Winter', Bullish Outlook Unchanged

JPMorgan downplays current crypto market downturn, labeling it a meaningful correction rather than a crypto winter. Bitcoin and Ethereum see price fluctuations, with Ethereum leading a six percent increase. PNC Bank offers Bitcoin spot trading to private clients, indicating growing acceptance of digital assets. Short-term factors like exchange-outflows, liquidations, and seasonal illiquidity contributed to the sell-off, but JPMorgan maintains a long-term bullish outlook. Senator Cory Booker warns of political hurdles for crypto regulation, while Meteora teases New Meteora for 2026, signaling continued innovation.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.