Global Stock News

Cantor Fitzgerald Says Crypto Winter Is Near An End

Cantor Fitzgerald Says Crypto Winter Is Near An End

Wall Street brokerage Cantor Fitzgerald says the cryptocurrency winter that began last autumn is nearing its end amid signs of investor capitulation. 

Analysts at Cantor Fitzgerald write in a note to clients that the crypto bear cycle is entering its final stages, with Bitcoin’s (CRYPTO: $BTC) price likely to bottom in coming months.

“Our belief is that we are only a few months away from the bottom of this pullback,” reads the report on the state of digital assets. 

More From Cryptoprowl:

In the previous three market cycles, Bitcoin bottomed an average of 384 days after peaking, implying that the current downturn could reach a low in late October of this year. 

However, the…

Source link

Share this article

Scroll to Top