JPMorgan Chase: Remain cautious on cryptocurrencies in the short term

Due to the lack of positive market catalysts and declining interest from retail investors, JPMorgan analysts led by Nikolaos Panigirtzoglou said they maintain a "cautious" stance on cryptocurrencies in the short term. Analysts said that there has been "significant" selling or profit-taking in the cryptocurrency market in the past two weeks, and retail investors may have played a greater role than institutional investors. In addition, following strong buying in February and March, net inflows into equity funds turned negative in April. (TheBlock)