The crypto market is undergoing one of its lowest cycles since the turn of the year. Some crypto forecasts predicted a more positive outlook for the crypto market for November. However, events changed things negatively.<\/p>\n
The U.S. Federal Reserve (Fed) held onto the rates hike, and FTX\u2019s collapse further plunged the market into chaos. After recent events, investors withdrew <\/a>most of their crypto holdings from FTX and other major exchanges.<\/p>\n According to a Coinbase report<\/a> in the Institutional Investor Digital Assets Outlook Survey, professional investors have added to their portfolios. The survey conducted on 140 investors between September 21 and October 27 revealed this information.<\/p>\n The total crypto assets of these investors were $2.6 trillion. This survey was before the FTX incident, before the latest price downtrend.<\/p>\n Of the survey participants, 62% already in possession of crypto holdings increased the size of their portfolio. This increase took place within a year. Notably, just 12% of the survey participants decreased their assets in the same timeframe.<\/p>\n It implies that institutional investors have taken a long-term stance on crypto assets with optimism for the future. Up to 58% of these investors will likely increase their holdings in the next three years.<\/p>\n Overall, the general sentiment for cryptocurrency was optimistic, with around 72% of the respondents affirming their belief in cryptocurrency. This survey highlights the increasing adoption of cryptocurrencies globally.<\/p>\n The three main reasons for crypto investment noted in this survey are: investing in innovative technology, improved funding, and access to profitable opportunities.<\/p>\n Coinbase stocks have taken a significant hit in the prevailing bearish market cycle. The stock (COIN) fell to a low of $40. It is currently up to around $45.57. COIN is trading at almost less than 90% of its all-time high value of $357, achieved on November 2021.<\/p>\n Binance has now officially surpassed Coinbase Pro as the largest holder of Bitcoin. According to the information from CryptoQuant<\/a>. With over $8 billion worth of crypto removed from central exchanges, Binance exchange; now has the largest store of BTC holdings.<\/p>\n Bitcoin price trades above $16,500 l BTCUSDT on Tradingview.com<\/a><\/p>\n Coinbase CEO Brian Armstrong has moved to dissuade fears of a possible collapse similar to FTX. In his tweets<\/a>, he expressed sympathy and stated that Coinbase has no material exposure to FTX and its affiliates.<\/p>\n He blamed the collapse of FTX on risky activity and misuse of investors\u2019 funds. He assured users of the safety of their assets and transparency in dealings.<\/p>\n He stated that the crypto industry should build a better financial system based on DeFi and self-custodial wallets in the future.<\/p>\n Although cryptocurrencies have suffered losses recently, institutional investors\u2019 positions suggest there might be hope for a recovery.<\/p>\n Featured image from Pixabay, chart from TradingView.com<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n The crypto market is undergoing one of its lowest cycles since the turn of the year. Some crypto forecasts predicted a more positive outlook for the crypto market for November. However, events changed things negatively.<\/p>\n The U.S. Federal Reserve (Fed) held onto the rates hike, and FTX\u2019s collapse further plunged the market into chaos. After recent events, investors withdrew <\/a>most of their crypto holdings from FTX and other major exchanges.<\/p>\n According to a Coinbase report<\/a> in the Institutional Investor Digital Assets Outlook Survey, professional investors have added to their portfolios. The survey conducted on 140 investors between September 21 and October 27 revealed this information.<\/p>\n The total crypto assets of these investors were $2.6 trillion. This survey was before the FTX incident, before the latest price downtrend.<\/p>\n Of the survey participants, 62% already in possession of crypto holdings increased the size of their portfolio. This increase took place within a year. Notably, just 12% of the survey participants decreased their assets in the same timeframe.<\/p>\n It implies that institutional investors have taken a long-term stance on crypto assets with optimism for the future. Up to 58% of these investors will likely increase their holdings in the next three years.<\/p>\n Overall, the general sentiment for cryptocurrency was optimistic, with around 72% of the respondents affirming their belief in cryptocurrency. This survey highlights the increasing adoption of cryptocurrencies globally.<\/p>\n The three main reasons for crypto investment noted in this survey are: investing in innovative technology, improved funding, and access to profitable opportunities.<\/p>\n Coinbase stocks have taken a significant hit in the prevailing bearish market cycle. The stock (COIN) fell to a low of $40. It is currently up to around $45.57. COIN is trading at almost less than 90% of its all-time high value of $357, achieved on November 2021.<\/p>\n Binance has now officially surpassed Coinbase Pro as the largest holder of Bitcoin. According to the information from CryptoQuant<\/a>. With over $8 billion worth of crypto removed from central exchanges, Binance exchange; now has the largest store of BTC holdings.<\/p>\n Bitcoin price trades above $16,500 l BTCUSDT on Tradingview.com<\/a><\/p>\nInstitutional Investors Increase Crypto Holdings<\/h2>\n
Coinbase Stocks Under The Weather<\/h2>\n
Institutional Investors Increase Crypto Holdings<\/h2>\n
Coinbase Stocks Under The Weather<\/h2>\n