News Formal

Crypto Market Regulatory Uncertainty Overshadows Blockchain Development: Bank of America

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

.BankofAmerica says an excessive focus on regulatory headwinds, spot bitcoin ETF approval in the U.S. and illicit activity is overshadowing the development of blockchain technology. willcanny99 reports.

The rally in risk assets continues, but digital assets have underperformed the Nasdaq stock index by 24% since the beginning of May after gaining 52% from the start of the year, Bank of America said in a Friday research report.

“Digital asset sentiment remains poor as the U.S. Securities and Exchange Commission’s enforcement actions create regulatory uncertainty, pressuring token prices,” analysts Alkesh Shah and Andrew Moss wrote, adding that “digital asset trading platforms are just one piece of the broader ecosystem.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The crypto credit market needs regulation to matureAfter a tumultuous 2022, Clearpool CEO Rob Alcorn says crypto's credit markets need regulation to mature.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Is the cryptocurrency market about to break its 10-week losing streak?Can the crypto market avoid a dive below $1 trillion market cap? noshitcoins investigates.
Source: Cointelegraph - 🏆 562. / 51 Read more »

What 400 People Wore to the Market Market SaleFrom Pleats Please dupes to head-to-toe Rick Owens.
Source: NYMag - 🏆 111. / 63 Read more »