JP Morgan Chase: The altcoin market is now full of bubbles.

Retail traders bought stocks at record prices throughout the summer, pushing the market to record highs, according to a JPMorgan Chase report on Wednesday, September 2. The bank estimates that a trader's earnings in the U.S. cryptocurrency market in July hit an all-time high of $ 16 billion, up from around $ 13 billion in August. JPMorgan Chase said the peak was $ 10 billion in June of last year. “The cryptocurrency market is bubbling again,” JP Morgan Chase said. Altcoins now account for around 33% of the cryptocurrency market share, up from 22% in early August. JPMorgan Chase concludes that “From a historical perspective, the share of altcoins appears to be very high. In our opinion, this could have a “crazy” impact on the bubble and investors. Business Insider