Bitcoin Declines Amid JPMorgan's Crypto Natives Critique

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Source: Decrypt
Bitcoin Declines Amid JPMorgan's Crypto Natives Critique
Photo: Decrypt
TL;DR Summary

Bitcoin and major cryptocurrencies experienced a significant decline, with Bitcoin hitting a 4-month low, driven largely by sell pressure from crypto-native investors rather than institutions, according to JPMorgan. Despite the selloff, institutional inflows into ETFs remain steady, and long-term outlooks remain optimistic, with upcoming cycles and institutional support expected to stabilize the market.

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