Investing.com — Retail investors have been returning to the crypto markets after a pause in April, driving popular cryptocurrencies like and Ether to reach multi-week highs, according to JPMorgan strategists.
JPMorgan (NYSE:)’s report also highlighted that Bitcoin’s 14-day average daily trading volumes stand at $28.9 billion, compared to ‘s $20.7 billion. Over the past two weeks, Bitcoin’s average daily trading volumes increased by 12.0%, while Ethereum’s trading volumes surged by 86.4%. ‘s trading volumes rose by 39.2%.
Moreover, trading volume growth for major cryptocurrencies, excluding Binance USD, has been strong over the past six months and year. A JPMorgan analyst noted, “The substantial increase in trading volumes for Bitcoin and Ethereum highlights the growing investor interest and market activity in these leading cryptocurrencies.”
On May 30, Franklin Templeton president and CEO Jenny Johnson spoke at the…
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