A recent price surge drove Bitcoin (CRYPTO: BTC) to multi-month highs — all thanks to a strong retail investor comeback.
At least that's what a JPMorgan research report indicates.
With Bitcoin up 30%, retail investors are likely looking forward to major crypto events on the horizon, including the Bitcoin halving, Ethereum's next major upgrade and the potential regulatory approval of spot Ether exchange traded funds.
There's also increased activity on retail-focused platforms like Block, PayPal, and Robinhood, alongside a rise in trading on Coinbase, the report, cited by Coindesk, indicates.
On-chain data also shows larger Bitcoin flows from smaller wallets — a proxy for retail participation.
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However, this analysis stands in stark contrast to observations of surprisingly low public ...