JPMorgan blames Reddit traders for ‘frothy’ crypto, NFT markets

JPMorgan blames Reddit traders for ‘frothy’ crypto, NFT markets | CryptoSlate

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A JPMorgan report has said that the new uptick in altcoins value is currently unsustainable.

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JPMorgan blames Reddit traders for ‘frothy’ crypto, NFT markets

A new report from analysts at JP Morgan has revealed that the entire crypto market is beginning to look “frothy” after the market witnessed one of its best periods, especially as spot market trading volumes once again top $1 trillion.

The JPMorgan report revealed that the value of assets in the crypto markets, especially those of altcoins and NFTs, are getting too high.

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