As reported by Odaily, JPMorgan analysts stated that despite Bitcoin's recent pullback, the market has not entered a 'crypto winter,' and the overall bull cycle remains intact. Bitcoin fell to $81,000 last month and is down 9% from its year-start level, the first annual decline since May 2023. However, the firm noted this correction is not indicative of structural deterioration. As of Tuesday, Bitcoin traded near $93,000, down about 1.5% from its peak. The team emphasized that post-election sentiment had temporarily inflated digital assets, and the subsequent 20%+ market cap decline and weaker trading volume are normal adjustments. Stablecoin supply has grown for 17 consecutive months, showing 'clear resilience.' JPMorgan added that traditional four-year cycle logic is weakening, and ETF investors are bringing more stable capital, making deep corrections of 80% increasingly unlikely. Separately, UK's Standard Chartered also noted in a report that with easing Fed policy expectations, the 'crypto winter may already be a thing of the past.'
JPMorgan: Bitcoin's Correction Is Significant But Not Bearish, Crypto Winter Not Here
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