ANY NEAR-TERM REBOUND IN CRYPTO MARKET LIKELY TO BE TEMPORARY: JPMORGAN

Summary from the TLDR Crypto newsletter

JPMorgan anticipates that any near-term rebound in the crypto market will be short-lived, as Bitcoin's current price is deemed too high relative to its production cost ($43,000) and its volatility-adjusted comparison to gold ($53,000). Bitcoin and gold may gain from a potential Trump election win due to perceived crypto-friendly policies.