2024-7-11 11:26 |
The broker initiated coverage on miners Iren Energy and Corz Scientific with outperform ratings.
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Analysts at Bernstein have advised their clients to allocate to Crypto, writing “Don’t fight this, Welcome to the crypto bull market — buy everything you can.”
Stablecoin supply is back to all-time highs with $170 billion in circulation, the report said.
Ether and other digital assets need a better regulatory regime and the narrative is expected to improve around the U.S. elections later this year, the report said.
The latest price moves in bitcoin (BTC) and crypto markets in context for June 14, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Investment platforms will take some time to establish the necessary compliance framework to sell bitcoin ETF products, the report said.
Total crypto market cap is expected to reach $7.5 trillion by 2025 from $2.6 trillion today, the report said.