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Dec. 18, 2018
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Although 2018 has seen more institutional investors joining the crypto market, the consistent unfavorable market conditions felt throughout this year may now be ditching these players — according to JP Morgan Chase & Co.

“Participation by financial institutions in Bitcoin trading appears to be fading,” JP Morgan analysts shared in a recent research note. “Key flow metrics have downshifted dramatically,” namely in futures markets.

In fact, the most valuable and known cryptocurrency has lost more than 80 percent of its value since it peaked a year ago — and in the middle of this year’s extended bear market, businesses and individuals saw no other solution than leaving the market.

And that sentiment might be reaching institucional players too, as reported.

Why it is important

  • A lot of hope rellies over the inflow of institutional investment in the crypto market, with many considering 2019 as the year institutional players will make their big move — leading to major acceptance and adoption. If a fulcrum for cryptocurrency markets is giving way investors may have to adopt more realistic expectations for next year.

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