$BTC has a detail here worth noticing.
Buy Bitcoin Proxies in Stock Market Instead, Say Wall Street Firms - Decrypt In brief Cantor Fitzgerald, TD Cowen and Compass Point told clients in Friday notes that the $6.4 billion Binance hack—the largest ever—is unlikely to derail crypto’s recovery, framing the selloff as a buying opportunity for crypto-linked stocks. Analysts at Cantor Fitzgerald, TD Cowen, and Compass Point said in Friday research notes that the roughly $6.3 billion theft, the largest crypto hack ever, is unlikely to derail the broader market’s recovery. The reassurance came a day after the exploit rattled markets and sent Bitcoin sliding toward $77,000. Cantor’s Ramsey El-Assal pointed to how fast the industry moved to contain the damage, noting that stablecoin issuers and others froze roughly $3 billion of the stolen funds, with Tether freezing more than $1.5 billion, Circle about $800 million and Ripple around $200 million. They are watching the $75,000 to $77,000 Bitcoin range as a key level.
Buy Bitcoin Proxies in Stock Market Instead, Say Wall Street Firms - Decrypt In brief Cantor Fitzgerald, TD Cowen and Compass Point told clients in Friday notes that the $6.4 billion Binance hack—the largest ever—is unlikely to derail crypto’s recovery, framing the selloff as a buying opportunity for crypto-linked stocks. Analysts at Cantor Fitzgerald, TD Cowen, and Compass Point said in Friday research notes that the roughly $6.3 billion theft, the largest crypto hack ever, is unlikely to derail the broader market’s recovery. The reassurance came a day after the exploit rattled markets and sent Bitcoin sliding toward $77,000. Cantor’s Ramsey El-Assal pointed to how fast the industry moved to contain the damage, noting that stablecoin issuers and others froze roughly $3 billion of the stolen funds, with Tether freezing more than $1.5 billion, Circle about $800 million and Ripple around $200 million. They are watching the $75,000 to $77,000 Bitcoin range as a key level.