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Benzinga

Business

Samyuktha Sriram

Why Bank Of America Says There Won't Be A 'Crypto Winter'

Bank of America Bank of America Corp NYSE

Bank of America Corp (NYSE:BAC) doesn’t believe there will be a “crypto winter” or a prolonged period of declining prices in the digital asset industry.

What Happened: In a note titled “Digital Assets: In the Flow” seen by CoinDesk on Monday, analysts noted that tightening by the U.S. Federal Reserve and macroeconomic headwinds will likely limit the upside for cryptocurrencies over the next six months.

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Senegal Forces Accused of Forcing HIV Tests on LGBT Detainees as Positive Results Lead to More Charges

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