Wall Street Banks (WSBANKS)

Wall Street Giants Are Suddenly Piling Into Bitcoin And Crypto Amid A $500 Billion Price Pump. Bitcoin and cryptocurrency prices have continued to surge higher in October after struggling through September (proving some market watchers right). Don't miss: What (or who) is driving the crypto market in 2022 and beyond? The bitcoin price has added around 10% over the last 24 hours, climbing to highs not seen since bitcoin hit its all-time highs almost six months ago and pushing the combined cryptocurrency to over $2.3 trillion—up from lows of $1.8 trillion last month. The surge higher comes after some of the world's biggest banks renewed their bullish bitcoin and crypto calls, led by Wall Street giant Bank of America BAC -3.4% , which said bitcoin and crypto have now become "too large to ignore." "It's difficult to overstate how transformative blockchain technology, digital assets, and the thousands of decentralized apps that have yet to be created could potentially be. The cryptocurrency market has been boosted this year by interest in decentralized finance (DeFi) using crypto technology to recreate traditional financial services.