To date, it is almost impossible to predict how events in the cryptocurrency market will develop in the near future. Bank of America specialists came to this conclusion after analyzing the movement of digital assets between private and exchange accounts.

In their report, bank analysts suggested that the next six months digital currencies will be quite limited in their growth opportunities. This will be contributed by the U.S. monetary policy and negative macroeconomic trends. At the same time, experts continue, there is no need to talk about the onset of another "crypto winter". Thanks to the wide spread of cryptocurrencies and the active work of their developers, collapse in this area is impossible.

Experts also mentioned bitcoin outflows from cryptocurrency exchanges, linking this trend to the fading momentum of sellers. The opposite situation is observed in ETH, where its role, as stated in the report, was played by external pressure on its value. It is also noted that the beginning of March as a whole was marked by a significant decrease in the volume of receipt of stabelcoins on the world crypto-exchanges.

Bank of America concluded that the current conditions forced investors to take a wait-and-see attitude. It is highly probable that the cryptocurrency industry will not be able to overcome the price range observed today. Only a decrease in fears about a possible recession could change the situation, the analysts concluded.