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📈 "Vanguard Effect" - Cryptocurrency market recovers above 3 trillion dollars
Vanguard has lifted its ban on exchange-traded index funds for cryptocurrencies, and Bank of America has given the green light to more than 15,000 advisors to recommend an allocation between 1% and 4%.
📊 The value of #بيتكوين surged by 6% after this news; Eric Baltchunas, a Bloomberg exchange-traded index fund analyst, described the surge as the "Vanguard Effect."
Traders' appetite for risk has increased as expectations for a rate cut in December rise, strengthening the double-digit recovery in major corporate currencies, including #ETH and #SOL and #ADA and #LINK.
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$ADA
$LINK