JPMorgan says Bitcoin and the broader crypto market remain fundamentally strong despite the recent downturn. The bank sees no signs of an impending “crypto winter,” even though Bitcoin has fallen 9% year-to-date and overall trading volumes have weakened. Stablecoins continue to show resilience, marking their 17th consecutive month of growth. JPMorgan also notes that Bitcoin’s traditional four-year market cycles are becoming less relevant. Meanwhile, Standard Chartered has cut its 2025 Bitcoin forecast to $100,000 but maintains the view that “crypto winters” are now a thing of the past.