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BofA: Crypto Buying Momentum Fades as Investors Weigh Bear Market Bounce, Recession Risk

The chance of a more hawkish Federal Reserve and the likelihood of interest rates staying higher for longer hasn't been fully priced into risky assets, the bank said.

Updated May 11, 2023, 3:21 p.m. Published Sep 1, 2022, 11:12 a.m.
Crypto investors are rotating into stablecoins from more volatile assets (Jan van der Wolf/Pexels)
Crypto investors are rotating into stablecoins from more volatile assets (Jan van der Wolf/Pexels)