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Any Near-Term Rebound in Crypto Market Likely to Be Temporary: JPMorgan

The bitcoin price is currently too high versus its production cost and relative to its volatility-adjusted comparison to gold, the report said.

By Will Canny|Edited by Parikshit Mishra

Updated Jul 22, 2024, 1:14 p.m. Published Jul 22, 2024, 9:44 a.m.

Crypto market rebound likely to be temporary and not the start of a new bull market: JPMorgan. (Shutterstock)