$50 Billion Flooded Into Crypto This Year as Q4 Momentum Builds, JPMorgan Data Shows
Photo: ZyCrypto
Over $50 billion has moved into the wider cryptocurrency market this year, according to a JPMorgan report released on Friday. The JPMorgan research team said the inflows have reached $50 billion so far this year. As per the report, crypto assets have pulled in $50 billion in capital inflows this year (year-to-date). This record puts the market on an annualized rate of $66 billion, now higher than the $52 billion pace seen in May. The rise suggests investor demand is expanding beyond institutional treasury purchases and venture funding that drove the first six months of the year.
Source: ZyCrypto
