Bank of America: coming “recession shock” possible boon for crypto

The macroeconomic picture is deteriorating fast and could push the U.S. economy into recession as the Federal Reserve tightens its monetary policy to tame surging inflation, Bank of America strategists warned in a weekly research note, Reuters reports. Bank of America chief investment strategist Michael Hartnett wrote, in a note to clients, that “Inflation shock” … Read more

These factors are causing a rise in BTC, ETH’s correlation with the stock market

Going mainstream is not always the best outcome for assets, and cryptocurrencies have lent proof to the same. While a rise in adoption had definitely brought legitimacy and capital to the market, it has also made it susceptible to macroeconomic changes. Crypto is stocking up This has been highlighted in the rising correlation between cryptocurrency … Read more

This makes Ethereum a strong contender among top stocks

Bitcoin has been compared to stocks for quite some time and next in line to garner attention as a top traded asset is Ethereum. Crypto supporters have advocated the fact that cryptocurrencies provide much better returns  compared to stocks. How much truth the notion held, was largely debated. Nonetheless, recently, Nasdaq cited Ethereum as a top … Read more