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Coinbase’s price target has been lowered by BofA as analysts warn of growing competition and fee pressure. BofA Securities has lowered its price target for Coinbase Global Inc. to $311 from $363 while keeping a hold rating on the stock.…
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Is the banking industry prepared for the disruption crypto payments might cause, and if Bank of America leads the charge, what lasting changes can we expect in how banks, businesses, and consumers interact? Bank of America CEO advocates for crypto…
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Bitcoin has finally crossed the $100,000 mark, and while that’s big news for the industry, some analysts are sounding the alarm about what comes next. Bitcoin (BTC) has long been touted by its die-hard supporters as the crypto destined to…
BTC
Bitcoin
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With Bitcoin briefly surpassing $100,000 and the S&P 500 posting its best year since 2019, Bank of America’s strategist warns of a potential market overshoot. U.S. stocks and cryptocurrencies are showing signs of overheating, with Bank of America Corp.’s Michael…
BTC
Bitcoin
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MicroStrategy stocks, which is listed under the ticker MSTR, saw a 450% year-to-date rise, outpacing Bitcoin's 110% rise in the same time period.
BTC
Bitcoin
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A new study shows young investors are increasingly favoring crypto over traditional U.S. stocks, reflecting a generational divide in investment strategies. As the first members of Generation X approach their 60th birthdays, a significant transfer of wealth is reshaping American…
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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…
BTC
Bitcoin
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Two wealth managers on Wall Street will support spot Bitcoin ETFs nearly two months after the products debuted on major U.S. exchanges.
BTC
Bitcoin
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More and more banks have been giving the green light to cryptocurrency. What exactly do these banks offer customers, and how can they decide which is the right bank for them? In our current dynamic financial era, the emergence of…
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On July 13, Coinbase CEO Brian Armstrong ran a poll on Twitter to assess whether Bank of America (BoA) is closing accounts that transact with the exchange as alleged
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There have been a lot of rumours speculating that Bank of America and Ripple Labs are working closely together. A tweet from liquidity provider Linqto has just revived the talk, which details an extraordinary connection between the company and the…
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While the global economy continues to hand on a thin line, individuals believe that crypto might overtake stocks in the next few months. According to a report from the Bank of America warning the public, there is an economic recession…
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One of the largest banks in the US, Bank of America recently came out in public support of El Salvador’s move to make bitcoin legal tender by making a case of the development’s benefits. Bitcoin Adoption Offers Key Opportunities to…
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U.S financial giant Bank of America has joined the Paxos Settlement Service to use blockchain technology to achieve same-day settlement of stock trades. Bank of America to Settle Stock Trades Using Paxos Blockchain Solution This development was revealed by media…
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Going by an April 10, 2021 tweet from Documenting Bitcoin, the value of Bitcoin has exceeded a combination of America’s top financial institutions. The four banks included on the list include Citibank, JP Morgan, Wells Fargo, and the Bank of…
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In a recent survey conducted by the Bank of America (BofA), “long bitcoin” toppled “long tech” as the most “crowded trade”. Asset Fund Managers Favor Bitcoin According to Reuters on Tuesday (Jan 19, 2021), the BofA’s fund manager survey (FMS)…
