U.S. Treasury Secretary Calls Crypto Market Volatility Self-Induced
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy BAC?
Source: Benzinga
- Market Volatility Cause: U.S. Treasury Secretary Scott Bessent stated in a CNBC interview that the recent volatility in the cryptocurrency market is 'self-induced,' attributing the blame to industry players blocking the Digital Asset Market Clarity Act, which he believes is detrimental to the overall crypto community.
- Bitcoin Price Decline: Bitcoin is struggling to maintain stability around $66,000, sharply down from its October high of over $126,000, with analysts citing reasons for the drop including quantum fears and leverage unwinding, indicating significant market instability.
- Coinbase Revenue Miss: Coinbase recently missed revenue expectations, resulting in a 42% decline in its stock this year, reflecting the pressures and challenges faced by the crypto industry, which further exacerbates market anxiety.
- Slow Legislative Progress: Despite Bessent's optimistic view on the Clarity Act, suggesting a 61% chance of it being signed into law this year, the Senate Banking Committee has yet to schedule a new markup session, highlighting the delays and complexities in the legislative process.
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Analyst Views on BAC
Wall Street analysts forecast BAC stock price to rise
18 Analyst Rating
14 Buy
4 Hold
0 Sell
Strong Buy
Current: 52.520
Low
55.00
Averages
61.17
High
71.00
Current: 52.520
Low
55.00
Averages
61.17
High
71.00
About BAC
Bank of America Corporation is a bank holding company and a financial holding company. Its segments include Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking and Global Markets. Consumer Banking segment offers a range of credit, banking and investment products and services to consumers and small businesses. The GWIM includes two businesses: Merrill Wealth Management, which provides tailored solutions to meet clients' needs through a full set of investment management, brokerage, banking and retirement products and Bank of America Private Bank, which provides comprehensive wealth management solutions. Global Banking segment provides a range of lending-related products and services, integrated working capital management and treasury solutions, and underwriting and advisory services. Global Markets segment offers sales and trading services and research services to institutional clients across fixed-income, credit, currency, commodity, and equity businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Stock Performance: In 2025, Bank of America stock rose by 25%, significantly outperforming the S&P 500's 16% increase, indicating the company's competitive position and enhanced investor confidence in the market.
- Compensation Structure: Moynihan's annual base salary remains at $1.5 million with no cash bonus, while his total equity incentive award for 2025 is valued at $39.5 million, consisting of 30% cash-settled restricted stock units, 20% stock-settled RSUs vesting annually over four years, and 50% performance-based RSUs.
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See More
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Market Volatility: There is an unusual increase in stock price movements, with many stocks experiencing significant gains and losses.
Investor Sentiment: The heightened volatility may indicate changing investor sentiment and market dynamics, prompting closer scrutiny of stock performance.
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