Bitcoin (BTC) price bounce should be played carefully: JPMorgan

Digital asset prices saw their biggest sell-off since the 2022 FTX implosion earlier this week, largely due to contagion in traditional markets, with bitcoin plunging more than 15 percent before recovering somewhat, the bank’s analysts wrote. The sell-off in crypto was mostly driven by retail investors, while momentum traders also contributed by exiting their long positions and building shorts, the bank said.