Crypto markets slide as investors eye economic conditions amid debt ceiling deal
- House Republicans reached a tentative deal with the White House to raise the nation's debt ceiling and avoid a default, causing cryptocurrencies to climb
- Bitcoin and ether are on pace for their worst month since November, down 5% and up less than 1%, respectively
- JPMorgan analysts have issued a bullish bitcoin price prediction that could see bitcoin's capitalization climb to near $900 billion
- JPMorgan analysts warn that the ethereum price could face selling pressure over the next few months due to its recent Shanghai upgrade
- Over $1.3 trillion has been lost in the cryptocurrency market in 2022 due to the FTX collapse