Cryptocurrency investors are enduring tough times, with altcoins suffering pain for nearly 70 days. While fluctuations in Bitcoin $97,151 prices are not massive, losses in altcoins are significant. Now, a grim forecast from Bank of America has emerged, raising concerns that affect not only the U.S. stock market but cryptocurrencies as well.
Historical Major Crash in Markets
While major upheavals like this in cryptocurrencies are common, they are rare in the global financial system. Bank of America’s strategists recently highlighted a 40% risk of a significant drop in the S&P 500. In their analysis, they drew comparisons between the current market scenario and the notorious “Nifty Fifty” and “dot-com” bubbles of the 1960s and late 1990s.
Experts, noting the similarities between the two periods, are warning of an impending crash. The report focuses …
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