btc
Bitcoin (BTC)
$102,475.00 0.61%
Bitcoin price
eth
Ethereum (ETH)
$3,249.69 -0.43%
Ethereum price
bnb
BNB (BNB)
$681.71 -0.58%
BNB price
sol
Solana (SOL)
$239.17 0.94%
Solana price
xrp
XRP (XRP)
$3.12 0.2%
XRP price
shib
Shiba Inu (SHIB)
$0.0000201 -2.95%
Shiba Inu price
pepe
Pepe (PEPE)
$0.0000153 -2.42%
Pepe price
bonk
Bonk (BONK)
$0.0000292 -0.28%
Bonk price
wif
dogwifhat (WIF)
$1.35 -6.1%
dogwifhat price
popcat
Popcat (POPCAT)
$0.44 -0.59%
Popcat price
btc
Bitcoin (BTC)
$102,475.00 0.61%
Bitcoin price
eth
Ethereum (ETH)
$3,249.69 -0.43%
Ethereum price
bnb
BNB (BNB)
$681.71 -0.58%
BNB price
sol
Solana (SOL)
$239.17 0.94%
Solana price
xrp
XRP (XRP)
$3.12 0.2%
XRP price
shib
Shiba Inu (SHIB)
$0.0000201 -2.95%
Shiba Inu price
pepe
Pepe (PEPE)
$0.0000153 -2.42%
Pepe price
bonk
Bonk (BONK)
$0.0000292 -0.28%
Bonk price
wif
dogwifhat (WIF)
$1.35 -6.1%
dogwifhat price
popcat
Popcat (POPCAT)
$0.44 -0.59%
Popcat price
btc
Bitcoin (BTC)
$102,475.00 0.61%
Bitcoin price
eth
Ethereum (ETH)
$3,249.69 -0.43%
Ethereum price
bnb
BNB (BNB)
$681.71 -0.58%
BNB price
sol
Solana (SOL)
$239.17 0.94%
Solana price
xrp
XRP (XRP)
$3.12 0.2%
XRP price
shib
Shiba Inu (SHIB)
$0.0000201 -2.95%
Shiba Inu price
pepe
Pepe (PEPE)
$0.0000153 -2.42%
Pepe price
bonk
Bonk (BONK)
$0.0000292 -0.28%
Bonk price
wif
dogwifhat (WIF)
$1.35 -6.1%
dogwifhat price
popcat
Popcat (POPCAT)
$0.44 -0.59%
Popcat price

JPMorgan: U.S. crypto market exhibits “herd-like behavior”

jpmorgan-u-s-crypto-market-exhibits-herd-like-behavior
Edited by
Opinion
JPMorgan: U.S. crypto market exhibits “herd-like behavior”

JPMorgan Chase claims that American investors are typically buying the market’s peak. Moreover, at least 15% of U.S. citizens reportedly traded crypto in 2022.

In new research released on Dec. 13, JPMorgan Chase claims that since the COVID-19 pandemic started, the crypto adoption level has grown. By the middle of 2022, 15% of Americans had made transfers into crypto accounts.

According to JPMorgan, investors in the U.S. crypto market have shown “herd-like behavior” by buying the market’s peak. The research reads:

“A wide variety of American households made deposits into crypto assets while they were trading around their maximum levels.”

“The Dynamics and Demographics of U.S. Household Crypto-Asset Use,” JPMorgan

Analysts claim that most U.S. crypto investors likely faced severe losses as the bear market prevailed in late 2022. The COVID-19 pandemic was the critical impetus that pushed nearly 15% of the country’s households into investing in cryptocurrency, based on a survey with a sample size of roughly 5 million active checking account clients.

Another key finding is that the percentage of people who have moved money into a crypto-related account has increased from 3% before 2020 to 13% by June 2022.

However, these transfers did not surpass median flows equal to less than one week’s worth of take-home pay, indicating that the average person’s crypto holdings were minimal. Generally, between 2015 to the first half of 2022, the average gross amount transferred to cryptocurrency accounts was around $620.

Read more about

Rexas Finance Presale

  • RWA Ecosystem
  • Certik Audited
  • Raised Above $35,000,000
  • 40,000+ Holders
  • 100,000+ Community