Wall Street investment bank Bernstein pointed out in its latest research report that the financial markets have experienced severe turmoil in the past week after a series of bank failures, which has made DeFi stand out as an alternative and provided a perfect environment for the continued development of the cryptocurrency market.
Bernstein said that institutional funds and cryptocurrency funds have been on the sidelines of the market, and the recent price movement is driven by "crypto-native funds." As more external funds are forced to participate, the upward trend should become more intense. (CoinDesk)
