The Bank of America has concluded that the recent rise in crypto outflows from exchanges and a rise in stablecoin net inflows signal "bullish" market momentum.
In the July edition of its Global Cryptocurrencies and Digital Assets report, the bank went as far as to say that "fading sell pressure" has now turned to "buying."
This change in sentiment can also be seen in an 11% rise in the digital asset market between June 29 and July 26, despite recording a 56% downtrend year-to-date.
"Investors are moving off of the sidelines as risk assets rally. Tight supply and continuous exchange net outflows indicate that investors continue to HODL," the report reads.
Dan Held, a longtime Bitcoin influencer and now head of growth marketing at crypto exchange Kraken, talks to Decrypt's Dan Roberts about Bitcoin maximalists (he calls himself a "mostamalist"), NFTs, and Crypto Winter as part of CoinMarketCap's The Capital virtual conference.
What’s more striking is that the recent positive price...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...