The foundation of the crypto market structure continues to firm as Q2 13F filings show banks increasing their crypto-linked ETF holdings.
Institutional investors’ revived interest in Bitcoin (BTC) and analysts’ view that the market bottom is nearly complete were the talk of the town last week.
After the US Senate failed to schedule a floor vote for the CLARITY Act before the August recess, crypto analysts shifted to a new set of narratives focused on pinning a date to the end of the bear market. The CFTC and SEC also announced plans to push forward crypto-supportive rules in the absence of action from Congress.
The positive shift in sentiment is backed by multiple metrics entering neutral to slightly bullish territory, but the…
