Latest from Will Canny
Crypto Market Near-Term Upside Is Likely Capped: Bank of America
The bank expects digital asset trading volumes to remain subdued, with retail investors remaining on the sidelines.
Crypto Market Recovery Unlikely Until Stablecoin Universe Stops Shrinking: JPMorgan
Tether’s market cap has been growing at the expense of rival stablecoins such as USD Coin, the report said.
Ripple Buys Crypto Custody Firm Metaco for $250M
Metaco will continue to operate as an independent business unit led by CEO and founder Adrien Treccani.
The New Crypto Cycle Will Be About Ether Yields: Bernstein
Ether staking trends following the Shanghai upgrade have beaten expectations, the report said.
Coinbase Initiated at Hold, Likely To Face Enforcement Action From SEC: Berenberg
Executing a successful pivot away from the U.S. would be a tall order for the crypto exchange, Berenberg said.
U.S. Regulatory Crackdown Sees Institutional Investors Prefer Gold to Bitcoin: JPMorgan
This year’s 76% bitcoin rally appears to have been driven by retail buying, the report said.
Bitcoin Could Rally 20% to Around $36K: Matrixport
The Fed’s latest interest rate hike may be the last for this cycle, which could set the market up for another strong rally, the report said.
Coinbase Faced With Too Much Regulatory Uncertainty, Rating Cut to Neutral: Citi
The bank slashed its price target for the crypto exchange to $65 from $80.
Bitcoin Is Poised to Reclaim Crypto’s Spotlight: Berenberg
More investors are recognizing the digital asset as a sensible alternative not only among crypto tokens, but also within a global financial context, the firm said.
MicroStrategy in Unique Position to Benefit From Rising Bitcoin Price: Berenberg
The bank initiated coverage of the stock with a buy rating and a $430 price target.
