Express

JPMorgan Chase Strategist: Bitcoin's Market Cap Ratio Can Determine Whether The Bear Market Is Over

Mary Liu

Summary: In an interview with CNBC on Tuesday, Nikolaos Panigirtzoglou, global market strategist at JPMorgan Chase, believes that for those who want to know when the current bear market will end, Bitcoin's dominance is a trend indicator worth paying attention to.  He stated that Bitcoin's Market cap ratio suddenly dropped from 61% in April to 40%. ...

In an interview with CNBC on Tuesday, Nikolaos Panigirtzoglou, global market strategist at JPMorgan Chase, believes that for those who want to know when the current bear market will end, Bitcoin's dominance is a trend indicator worth paying attention to. 

He stated that Bitcoin's Market cap ratio suddenly dropped from 61% in April to 40%. It would be healthy for Bitcoin's dominance to rise to more than 50%. He said: "I think this is another indicator to observe whether the bear market phase is over."

By Mary Liu

Last Update:

Tags: ,,
Link: JPMorgan Chase Strategist: Bitcoin's Market Cap Ratio Can Determine Whether The Bear Market Is Over   [Copy]
Next:

Related Articles

  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... 5 hours ago
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 15 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 22 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 26 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 28 days ago

    • You need to login to comment.