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Cantor says bitcoin bear market may be entering final stretch
Key takeaways
- Digital asset treasury companies are evolving beyond passive token holders into active operating businesses that could become key bridges between traditional finance and crypto, the bank said.
- Wall Street bank Cantor Fitzgerald said crypto markets are entering the final stage of the current bear cycle, with bitcoin's BTC$59,870.10 historical trading patterns pointing to a potential bottom in the coming months.
- "Ultimately, our belief is that we are only a few months away from the bottom of this pullback," analysts led by Gareth Gacetta said in the Tuesday report.
Digital asset treasury companies are evolving beyond passive token holders into active operating businesses that could become key bridges between traditional finance and crypto, the bank said.
Wall Street bank Cantor Fitzgerald said crypto markets are entering the final stage of the current bear cycle, with bitcoin's BTC$59,870.10 historical trading patterns pointing to a potential bottom in the coming months.
"Ultimately, our belief is that we are only a few months away from the bottom of this pullback," analysts led by Gareth Gacetta said in the Tuesday report.
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