JPMorgan Names One Indicator That May Signal End of Bear Phase in Crypto Market

JPMorgan's Nikolaos Panigirtzoglou believes that institutional interest in Bitcoin will pick up

Tue, 06/29/2021 - 15:50

Nikolaos Panigirtzoglou, global market strategist for U.S. banking giant J.P. Morgan, believes that Bitcoin’s dominance is the trend indicator to watch for those who are wondering when the current bear phase will come to an end.

During his June 29 interview on the Thursday broadcast of CNBC’s “Worldwide Exchange,” Panigirtzoglou told Brian Sullivan that the king’s market share climbing above 50 percent would be “healthy”:

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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