Bitcoin Leads Crypto Market Rally, Skyrocketing To Five-Month High After Big Bank Embrace

  • 📰 Forbes
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 53%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

U.S. Bank says clients are 'getting very serious' about cryptocurrencies, while Bank of America says they're 'too big to ignore.'

Though it's still about 15% below an all-time price high in April, the world's largest cryptocurrency far outpaced gains in the market on Wednesday, with ether, Cardano's ada and binance coin climbing about 6%, 2% and 1% over the past 24 hours, respectively.

In a Wednesday note, Freddie Evans, a sales trader at digital asset broker GlobalBlock, attributed part of the price momentum to U.S. Bank, the nation's fifth-largest bank by assets, on Tuesday it has launched a bitcoin custody service to help investment managers store private keys for bitcoin, bitcoin cash and litecoin.clients are"getting very serious about the potential of cryptocurrency as a diversified asset class" and also doubled down on expectations for growing institutional adoption, adding:"I don’t believe there’s a single asset manager that isn’t thinking about it right now.

Meanwhile, Matt Senter, the chief technology officer of bitcoin shopping app Lolli, said in an email that current economic conditions—marked by

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:

 /  🏆 394. in NG
 

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

Đoạn Hoàn :) :D

The future is now! Away with fiat, crypto is the new king

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Bank of America names stocks set to benefit as Australia eases Covid-19 restrictionsAustralia's two largest states — New South Wales and Victoria — announced plans to loosen some restrictions once 70% of their population are fully vaccinated. Pro remember you all get vaccinated and wear a mask when needed and be a part of the solution and not the problem
Source: CNBC - 🏆 12. / 72 Read more »

Bank of America names its top 6 chip stocks used by automakersDemand for semiconductors has surged and there is further to go, BofA said, as it named its top stocks in the sector. Pro Starting to think this thing is a contrarian indicator Pro this is terrible news Pro If they are talking about it, it maybe too late. Do your due diligence on buying ANYTHING!
Source: CNBC - 🏆 12. / 72 Read more »