Bernstein expects big bang DeFi rebound
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Crypto stocks rally as BTC rebounds
March 6, 2024 8:08 AM UTCShares of crypto stocks Marathon Digital Holdings (NASDAQ: MARA), Cipher Mining (NASDAQ: CIFR), Microstrategy, Inc. (NASDAQ: MSTR), Coinbase (NASDAQ: COIN) and Riot Platforms (NASDAQ:... More
Bank of America flags massive inflows to crypto funds
March 1, 2024 7:45 AM UTCThe latest data reveals significant inflows across various asset classes for the week ending February 28, with cash leading at $38.7 billion, followed by bonds at $13.8 billion, and stocks at $10 billion.
Bank of America analysts said money market fund inflows are already so massive, signaling a potential record-breaking year.
Crypto assets also saw a notable increase, with $2.4 billion inflows, while gold experienced outflows of $500 million,... More
Bitcoin soars past $60K amid ETF frenzy but mining stocks underperform
February 29, 2024 8:52 AM UTCBitcoin (BTC) has surged past the $60,000 mark for the first time since November 2021, driven by a continued influx of exchange-traded fund (ETF) investments. Over the past two days, ETFs have seen a combined net inflow of $1.1 billion, with demand from Bitcoin ETFs outpacing daily Bitcoin production by miners by approximately tenfold.
Amid this upward trajectory, Bernstein analyst Gautam Chhugani highlighted an interesting trend the... More
