US banking giant Bank of America “Global Cryptocurrencies and Digital Assets” published the July issue of its report.
in stock markets cryptocurrency increase in output and stablecoinCommenting on the increase in the entry of foreign exchanges to the stock markets, the bank states that these situations are Bitcoin (BTC) He said that he pointed to the bullish momentum in the crypto money market, especially in the crypto money market.
BoF also emphasized that the selling pressure in the market has increased and the sales are now back to buying.
Stating that there may be a change in the market sentiment of investors, the bank attributes this change in sentiment to the increase in the crypto market in July.
The following statements were used in the report regarding this:
“As risk assets rise, investors are starting to enter the market. Tight supply and sustained FX net outflows suggest investors are continuing to HODL.”
Lately crypto- the rise in the market FEDEmphasizing that it is remarkable that .
boF, Bitcoin (BTC), Ethereum (ETH) and FTX’s token FTT’Stating that the coin was withdrawn from crypto money exchanges to personal wallets in a 4-week period, he stated that this situation is generally understood as a bullish signal.
Finally bitcoin or Ethereum Bank of America stated that, unlike the entry of volatile cryptocurrencies such as volatile cryptocurrencies into the stock markets, the intense entry of stablecoins into the stock markets will mean an increase. “The introduction of stablecoins, which are stable and pegged to the dollar, indicates that investors are entering the market to buy.” said.