JPMorgan sounds alarm over ‘frothy’ crypto markets after August boom

Cointelegraph

Published Sep 03, 2021 01:49AM ET

Updated Sep 03, 2021 03:20AM ET

JPMorgan (NYSE:JPM) analysts have warned clients that cryptocurrency markets are looking frothy after the August trading boom saw spot market trading volumes once again top $1 trillion.

In a note to clients reported by Markets Insider, the JPMorgan analysts suggested valuations in crypto markets, especially altcoins and NFTs, are getting too high.

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