January 30, 2023

Crypto Comeback Pro is a crypto trading tool for investing in the crypto market with an %88 average win rate on trades and is the #1 trading software for crypto traders from all around the globe in 2022. Try it For FREE Today. 


It has been a rather rocky ride for the whole crypto market for many months now. The situation has not improved much; almost every cryptocurrency ranging from Bitcoin to Ether and from BNB to XRP, is in serious decline, which means that investors are not likely to support this declining ship for long, and chaos will set-in in an already chaotic market.

Bitcoin is now trading above $16K after holding the position for quite some time at $19K. Ether is also retreating to a lower price point, and the same is true for the whole crypto market.

Although experts said when this rocky ride began earlier that things would come back to normal sooner than later, nothing of the sort has happened yet.

JPMorgan Chase says that the present situation of the crypto market is rather hectic, and the recent crash of the largest crypto exchange FTX and its filing for bankruptcy is going to settle the market into further decline.

Bitcoin is Less Likely to Stabilize Itself

Experts at JPMorgan Chase are estimating that because of the recent FTX debacle, Bitcoin is going to succumb further into price decline, settling at $13K or so in the upcoming weeks.

While it is pure speculation at this point, the tremors of the FTX exchange going down in flames can be felt across the crypto market, all cryptocurrencies are trending negatively across the board, and there doesn’t seem to be any betterment among them in the coming days.

FTX investors have lost their hard-earned money, and as a result, the overall sentiment of the crypto market is a strong depiction of fear which means that more investors are unlikely to jump on the crypto train and take a hike where they will most likely end up losing all of their money.

Also Read:  Populus Coin - All You Need to Know About Populus Coin

While the $13K level is a start per se, it is believed by investors and analysts that the cryptocurrency is likely to settle for even lower price scores if investors don’t come to the rescue of the crypto market.


Deep Into Blockchain is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Some of the content on this site (namely Branded Content Posts) is paid content that is not written by our authors and the views expressed do not reflect the views of this website. Any disputes you may have with brands or companies mentioned in our content will need to be taken care of directly with the specific brands and companies. The responsibility of our readers who may click links in our content and ultimately sign up for that product or service is their own. Cryptocurrencies, NFTs and Crypto Tokens are all a high-risk asset, investing in them can lead to losses. Readers should do their own research before taking any action.


Leave a Reply

Your email address will not be published. Required fields are marked *