The Crypto Liquidity Flush Is Over, according to Citigroup and JP Morgan. The acute deleveraging phase has now ended.
In two reports released yesterday, both banks said that the contagion spread from bankruptcies is over, and they are seeing reduced stress in the market.
JP Morgan says that May and June were extreme, reminiscent of 2018. But it appears to be behind us.
Crypto markets have bounced back. Ethereum network activity has increased along with an uptick in investor sentiment.
BTC is up 30%; Ether is up 72%.
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