AVAX Stays Above $12 as JPMorgan’s Crypto Foray Marks Institutional Shift
Avalanche (AVAX) was trading around $12.28 on Friday amid a generally muted crypto market, holding above the $12 mark despite limited volatility. The token’s sideways strength suggests investor resilience as participants wait for clearer catalysts or broader risk-on sentiment.
Market attention has turned to JPMorgan’s reported plans to roll out institutional crypto trading. Such a move could lower barriers for regulated money managers and bring additional custody, compliance and liquidity to the space. For AVAX — a smart-contract platform with growing DeFi and dApp activity — institutional access may translate into higher trading volumes and a firmer adoption narrative. While not a guaranteed price driver, JPMorgan’s entry materially improves AVAX’s institutional outlook and the wider market infrastructure supporting large-scale participation.