The analysts of Bank of America have not ruled out the imminent return of turbulence, as they have noted the return of stablecoins to exchanges.
Typically, digital currencies pegged to fiat money enter crypto trading platforms when investors plan to resume buying Bitcoin and other virtual coins.
According to the report, which was published late last week, digital currencies should be considered as risky assets.
At the same time, the authors of the study have emphasized that in the last week alone, the exchange balance of stablecoins has increased by 58%.
Fiat-backed digital currencies have been entering the trading floors for three consecutive weeks. The total inflow of stablecoins amounted to $490 million.
