Amidst the drama surrounding the busted deal between FTX and Binance, banking giant JP Morgan has commented on the current state of Bitcoin and the broader crypto market. If FTX does file for bankruptcy, the contagion could be massive. according to the latest report from JP Morgan, it could go even lower as the market faces a “cascade of margin calls.” According to JPMorgan strategists led by Nikolaos Panigirtzoglou, the Bitcoin price could fall as low as $13,000.
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~JP Morgan: Bitcoin To $13k | CPI Data Analysis… Does it Matter?~
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