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

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

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

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

Cover art/illustration via CryptoSlate

A new report from analysts at JP Morgan has revealed that the entire crypto market is beginning to look โ€œfrothyโ€ 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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