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.
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