2 reasons why bitcoin’s rally stalled in November and why the weakness may continue, according to JPMorgan | Currency News | Financial and Business News

Bitcoin balloon.

  • Bitcoin has stumbled in November, falling as much as 12% and reversing October’s strong rally.
  • Bitcoin’s price decline can continue into year-end as crypto positioning remains overbought, JPMorgan said in a note last week.
  • These are the two reasons why the crypto rally stalled in recent weeks, according to JPMorgan.

Bitcoin’s 27% rally in October reversed in November, with the cryptocurrency falling as much as 12% this month amid a risk-off period for…

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