JPMorgan analyst Nikolaos Panigirtzoglou evaluated the historical decline in the cryptocurrency markets and the performance of the leading cryptocurrency Bitcoin. Warning Bitcoin investors, Panigirtzoglou stated that investors should be wary of further selling pressure.
Bitcoin Evaluation from JPMorgan Analyst. Nikolaos Panigirtzoglou, one of the analysts of the world-famous investment bank JPMorgan, based in New York, evaluated the current situation in the cryptocurrency markets.
Stating that the historical decline in the markets may continue for a while, Panigirtzoglou stated that Bitcoin investors should be prepared for more selling pressure.
JPMorgan previously estimated that BTC was $38,000 in May.
On the other hand, the leading cryptocurrency fell to $17,600 in early June due to intense selling pressure. At the time of writing the news, BTC is trading at about $21 thousand.
Source: Coinkolik