Analysts believe that there will be no crypto winter

Investors are uncertain about the prospects for developments in the crypto market. This is evidenced by the nature of the movement of digital assets between private and exchange wallets, analysts at Bank of America say.

Experts believe that the tightening of the Fed’s policy and macroeconomic trends will become a prerequisite for limiting the growth of digital currencies in the next 6 months. However, Bank of America is confident that there will be no new “crypto winter”, as the degree of acceptance of crypto assets by users and the activity of developers has increased significantly.

Analysts have pointed out that the outflow of BTC from crypto exchanges indicates the exhaustion of the sellers’ momentum. But the influx of ETH to the same platforms may signal a likely pressure on the value of the second largest coin by capitalization.

A Bank of America report says that the influx of stablecoins to cryptocurrency exchanges has been declining for the second week. According to the results of the last week, this indicator fell by 99% compared to the value of the previous seven-day period.

Analysts believe that all of the above factors speak to the waiting tactics chosen by investors in today’s environment. Bank of America added that it will be difficult for the cryptocurrency industry to move beyond the current price range until concerns about a possible recession disappear.

What do you think about the future movement of the cryptocurrency market?