JPMorgan Team Says Crypto Markets Face ‘Cascade’ of Margin Calls

(Bloomberg) -- Crypto markets face weeks of deleveraging in the fallout from the crisis at digital-asset exchange FTX.com, a period of upheaval that could push Bitcoin down to $13,000, according to JPMorgan Chase & Co. strategists.Most Read from BloombergSam Bankman-Fried’s $16 Billion Fortune Is Eviscerated in DaysMeta to Cut 11,000 Jobs; Zuckerberg Says ‘I Got This Wrong’Hochul Wins NY Governor Race as GOP’s Zeldin Refuses to ConcedeFTX Had a Death SpiralBinance Backs Out of FTX Rescue, Citing
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