"Crypto Assets Crash Is Not Much Different From 2017!"

  "Crypto Assets Crash Is Not Much Different From 2017!" JPMorgan Chase (NYSE: JPM) analyst Josh Younger said that the recent Crash of Crypto Assets was not much different from the crash in 2017. Moreover, this announcement was made when crypto assets rose to new peaks earlier this year, and mem-inspired tokens such as Dogecoin (CRYPTO: DOGE), launched by Elon Musk for some time, were available. Josh Younger, who leads the interest rate derivatives strategy at JPMorgan Chase JPM (NYSE) $161.85 -1.69(-1.03%), stated that investors are moving away from popular crypto assets.

JPMorgan Chase (NYSE: JPM) analyst Josh Younger said that the recent Crash of Crypto Assets was not much different from the crash in 2017.

Younger, who recently released an investor note, emphasized that there are similarities between the big sale in 2017 and the recent sales of Bitcoin (CRYPTO: BTC), which dropped to 50 % from its high of $ 65,000. Stating that investors are moving away from popular cryptocurrencies such as Bitcoin and Ethereum (CRYPTO: ETH) as in 2017, Younger stated that there is a trend towards more risky altcoins and stablecoins. Younger stressed that the cryptocurrencies will undergo a "pretty big correction", saying that the turn "indicates that the worst is clearly left behind".  

Source: The Motley Fool

 

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