Bitcoin
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$97,565.00 4.41904
Bitcoin price
Ethereum
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$3,127.77 0.23088
Ethereum price
BNB
BNB (BNB)
$609.19 -0.99763
BNB price
Solana
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$241.30 1.37928
Solana price
XRP
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$1.12 1.6058
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$0.0000238 -3.06844
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$1.51 -11.07271
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Bitcoin
Bitcoin (BTC)
$97,565.00 4.41904
Bitcoin price
Ethereum
Ethereum (ETH)
$3,127.77 0.23088
Ethereum price
BNB
BNB (BNB)
$609.19 -0.99763
BNB price
Solana
Solana (SOL)
$241.30 1.37928
Solana price
XRP
XRP (XRP)
$1.12 1.6058
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000238 -3.06844
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000191 -5.67701
Pepe price
Bonk
Bonk (BONK)
$0.0000511 -6.29911
Bonk price
dogwifhat
dogwifhat (WIF)
$3.06 -8.21345
dogwifhat price
Popcat
Popcat (POPCAT)
$1.51 -11.07271
Popcat price
Bitcoin
Bitcoin (BTC)
$97,565.00 4.41904
Bitcoin price
Ethereum
Ethereum (ETH)
$3,127.77 0.23088
Ethereum price
BNB
BNB (BNB)
$609.19 -0.99763
BNB price
Solana
Solana (SOL)
$241.30 1.37928
Solana price
XRP
XRP (XRP)
$1.12 1.6058
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000238 -3.06844
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000191 -5.67701
Pepe price
Bonk
Bonk (BONK)
$0.0000511 -6.29911
Bonk price
dogwifhat
dogwifhat (WIF)
$3.06 -8.21345
dogwifhat price
Popcat
Popcat (POPCAT)
$1.51 -11.07271
Popcat price
Bitcoin
Bitcoin (BTC)
$97,565.00 4.41904
Bitcoin price
Ethereum
Ethereum (ETH)
$3,127.77 0.23088
Ethereum price
BNB
BNB (BNB)
$609.19 -0.99763
BNB price
Solana
Solana (SOL)
$241.30 1.37928
Solana price
XRP
XRP (XRP)
$1.12 1.6058
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000238 -3.06844
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000191 -5.67701
Pepe price
Bonk
Bonk (BONK)
$0.0000511 -6.29911
Bonk price
dogwifhat
dogwifhat (WIF)
$3.06 -8.21345
dogwifhat price
Popcat
Popcat (POPCAT)
$1.51 -11.07271
Popcat price

Investors bullish crypto and tech stocks, BofA says

investors-bullish-crypto-and-tech-stocks-bofa-says
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Investors bullish crypto and tech stocks, BofA says

Investors poured billions into tech stocks and doubled their crypto investments on expectations of Fed rate cuts and economic resilience.

A research report conducted by the Bank of America Global Research team indicates that investors have been actively buying tech stocks and crypto.

According to a Reuters report, an influx of $4.7 billion into tech stocks, which encompass major players like Apple and Nvidia, marks the highest recorded inflow since August 2023. Simultaneously, investments in crypto also witnessed an influx of capital, with inflows doubling from $1.2 billion to $2.4 billion in the last week.

According to the Bank of America, the surge of investment activity might be attributed to “animal spirits” triggered by growing investor confidence in potential Federal Reserve rate cuts by mid-year, alongside the economy’s resilience, prompting a renewed interest in higher-risk assets.

The influx of funds into spot Bitcoin exchange-traded funds (ETFs) during the latter half of February has apparently contributed to Bitcoin’s monthly gain, which experienced a surge of nearly 50%, while Ethereum (ETH) witnessed its largest monthly increase since mid-2022, surging 47% to nearly $3,500.

Meanwhile, analysts at Bitwise anticipate a surge in institutional investment into Bitcoin ETFs in the coming months as major financial institutions, known as “wirehouses,” start offering the ETF trades to their clients.

According to Bitwise CIO Matt Hougan, the current market dynamics as a scenario where demand significantly outweighs supply, especially when considering the volume of Bitcoin ETFs purchased in comparison to the amount of Bitcoin mined daily and the anticipated impact of the upcoming halving event. As of press time, Bitcoin is trading at $61, 600, according to data from CoinGecko.