Bank of America Sees 1%–4% Crypto Allocation Shaping New Paths in Digital-Asset Exposure

Vanguard has made a significant shift in its approach to cryptocurrency by launching exchange-traded funds (ETFs) for Bitcoin, Ethereum, XRP, and Solana, which has triggered a highly bullish sentiment in the market. This move comes after a period of volatility in the crypto space, where Bitcoin's price fluctuated significantly, recently rebounding to around $91,000 after a sell-off. Analysts are closely monitoring this development as it could influence broader market trends.

Bitcoin is currently experiencing a tactical rebound, with its price hovering around $91,000 after a significant sell-off. Analysts are observing key resistance levels as bulls attempt to push back against bearish trends, raising questions about the sustainability of this upward movement.

The Firelight Protocol has announced the introduction of staking rewards for XRP holders, enhancing the utility of XRP within its ecosystem. This initiative aims to incentivize users to stake their XRP, potentially increasing engagement and investment in the protocol.

Zcash has experienced a dramatic price decline, plummeting from a peak of $700 to $316 within two weeks, reflecting a significant downturn in the cryptocurrency market. This drop follows a broader trend of volatility affecting various cryptocurrencies, with Zcash's recent performance raising alarms among investors and analysts alike.

Bitcoin's price has surged back above $91,000, recovering from a recent drop to an eight-month low of $80,000, as institutional interest in digital assets grows. This rebound is supported by significant moves from financial giants like Vanguard and Bank of America, who are expanding access to cryptocurrency investments for their clients.

Bitcoin exchange-traded funds (ETFs) have commenced December with modest gains, while Ether and Solana have experienced declines in value. This shift comes after a period of significant market fluctuations, with Bitcoin stabilizing around $86,000 despite a broader market downturn that saw a $600 billion decline in November.

Bank of America has authorized its 15,000 advisers to recommend a cryptocurrency allocation of 1% to 4% for wealth clients, marking a significant shift in Wall Street's approach to Bitcoin and digital assets. This decision reflects a growing acceptance of cryptocurrencies among traditional financial institutions.

Bank of America has authorized its wealth advisers to recommend a cryptocurrency allocation of up to 4%, marking a significant shift in its investment strategy. This decision follows Vanguard's recent announcement to allow access to digital asset ETFs, indicating a growing acceptance of cryptocurrencies among major financial institutions.