Canaccord report: Crypto industry recovers from post-FTX consolidation phase and returns to growth mode
2024-08-29 10:12:01
A research report by Canaccord states that the crypto-asset industry has recovered from the consolidation phase following the collapse of the FTX exchange and returned to growth mode in the past year. The report mentions that the launch of Bitcoin and Ethereum spot ETFs in the US this year has been a positive driver for the crypto market, driving wider adoption of digital assets by institutions. Canaccord expects that the allocation of cryptocurrencies in institutional portfolios will continue to increase. In addition, MicroStrategy's share price has risen by about 325% in the past year, outperforming most asset classes.
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