Bitcoin reaches $92,000 amid market turbulence and AI buzz, with Bank of America indicating investment opportunities and Strategy suggesting Bitcoin lending prospects.
Bank of America urges clients to allocate 1% to 4% of their portfolios to crypto, reflecting a significant endorsement from a major financial institution.
Bank of America suggests a crypto portfolio allocation of up to 4%, leading to a market surge; major cryptocurrencies jumped 7-10%.
The crypto market enters December with a sharp momentum shift as altcoins rebound, Bitcoin shows a rare bullish signal, and the Federal Reserve injects $13.5 billion in liquidity.
Bank of America endorses Bitcoin, advising a 1-4% portfolio allocation in digital assets.
Bank of America recommends 1-4% Bitcoin allocation for wealth management clients, as BlackRock's US Bitcoin ETF enters the top ten US stocks by open options contracts.
AI driving global growth amid market volatility, says BofA.
Bank of America suggests up to 4% of portfolios in crypto, joining other traditional finance firms in embracing digital assets.
AI investments are set to drive global economic growth through 2026, according to BofA.
Crypto market rebounds as Vanguard lifts crypto ETF ban, sparking renewed interest and ETF flows.
Bank of America allows wealth advisors to recommend 1-4% bitcoin allocations through spot ETFs, marking a major policy shift and increasing institutional crypto acceptance.
Bank of America advocates a 1%-4% crypto allocation for wealth clients, aligning with Wall Street's increasing Bitcoin interest.
Bank of America advises clients to allocate up to 4% of portfolios to crypto.
Bank of America's wealthy clients can now access Bitcoin ETFs, with 15,000 advisers allowed to recommend crypto exposure.
Bank of America endorses a 1%-4% crypto allocation for wealth clients, shifting Wall Street's digital asset approach amid retail investor losses.
Bank of America is advising wealth management clients to allocate 1% to 4% of portfolios to cryptocurrencies starting January.
Bank of America is set to introduce crypto allocations for wealth management clients by incorporating Bitcoin ETFs into its strategy starting January.
Bank of America may allocate 1% to 4% of its $3 trillion portfolio to cryptocurrencies despite the bear trend.
Bitcoin experiences a significant decline in early December, prompting Bank of America to change its forecast, now predicting an interest rate cut.
Bank of America raises alarms over Polymarket's expansion, which may heighten consumer debt risks.
Bank of America warns that easier access to prediction markets can result in bad loans and worsening credit scores.
US Bancorp tests stablecoin on Stellar, joining other major banks in crypto ventures.
Nvidia surpasses Wall Street expectations with a $57 billion revenue report, pushing Bitcoin back above $91,000. Analysts associate the crypto market's decline with fears of an AI bubble. Despite challenges, Nvidia's strong results revive AI investment sentiment, impacting Bitcoin's performance amid increased crypto-equity correlations.
Market expert VirtualBacon predicts a surge in crypto prices as the Federal Reserve prepares to pause its quantitative tightening policy, potentially leading to increased liquidity and a rise in altcoin values.
Zelle plans international expansion with stablecoins to enhance cross-border transfers, but key details remain vague.
JPMorgan and Bank of America anticipate the Fed will end its $6.6 trillion balance sheet reduction this month amid liquidity strains.
Bank of America reports a surge in fund managers' optimism with reduced recession fears and rising equities, despite worries over AI and inflation.
Major banks, including Bank of America and Deutsche Bank, aim to develop stablecoins tied to G7 currencies, enhancing digital asset market competition.
Major banks like Bank of America, Goldman Sachs, and Citi are considering launching a stablecoin.
Ten major banks, including Citi and Deutsche Bank, are exploring G7 currency-pegged stablecoins. The initiative could revolutionize cross-border finance but faces regulatory and systemic hurdles.
Global banks, including Goldman Sachs, BoA, and Citigroup, are exploring stablecoin launches.
Ten leading global banks collaborate on a blockchain-based stablecoin project pegged to G7 currencies, aiming for a digital asset system.
