According to a research report by Bank of America, the near-term outlook for cryptocurrency markets is limited due to low conviction, limited catalysts, and outperformance year-to-date. The bank predicts that digital assets will remain in a trading range with a challenging macro backdrop likely capping their upside. Hedge funds are returning to token trading, with momentum strategies likely benefiting from heightened volatility due to declining trading volumes. However, retail investors are expected to remain on the sidelines, while traditional finance companies and tech firms continue to build blockchain applications focused on tokenizing demand deposits, repo settlements, and bond issuance.
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Bank of America Report: Limited Upside for Cryptocurrency Markets in Near-Term
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Shenyu: The widespread existence of blind signature issues provides hackers with opportunities to take advantage of, and the problem must be solved
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Bank of America CEO sounds the alarm: The U.S. economy may lose its special status due to debt problems
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