Bitcoin has finally crossed the $100,000 mark, and while that’s big news for the industry, some analysts are sounding the alarm about what comes next. Bitcoin btc1.77%Bitcoin has long been touted by its die-hard supporters as the crypto destined to hit $100,000 — and eventually even $1 million. Now, with Bitcoin finally surpassing the $100,000 mark, the question...
With Bitcoin briefly surpassing $100,000 and the S&P 500 posting its best year since 2019, Bank of America’s strategist warns of a potential market overshoot. U.S. stocks and cryptocurrencies are showing signs of overheating, with Bank of America Corp.’s Michael Hartnett warning of a potential “overshoot” in early 2025, Bloomberg reports. The S&P 500’s price-to-book ratio surged to 5.3 times...
Investors poured billions into tech stocks and doubled their crypto investments on expectations of Fed rate cuts and economic resilience. A research report conducted by the Bank of America Global Research team indicates that investors have been actively buying tech stocks and crypto. According to a Reuters report, an influx of $4.7 billion into tech stocks, which encompass...
