JP Morgan has issued a statement providing an overview of the current crypto scenario. According to JP Morgan analyst Nikolaos Panigirtzoglou, crypto prices have limited upside due to the recent reduction in the percentage of stablecoins relative to the whole crypto market. According to the bank analyst, the percentage of stablecoins in the whole crypto market is not significant, having dropped from 10 per cent to less than 7 per cent. The current stablecoin share is the same as it was in 2020.