The crypto markets saw a turn for the worse last year as prices failed to make new highs and came tumbling down for the entirety of the year. Wall Street was sitting on the sidelines, watching the major players pull back and the rest of the market fall apart.
However, reports from New York’s banking hub seem to indicate that the crypto markets may be gaining momentum. The crypto markets have already dropped significantly, with Bitcoin losing 81% of its value from its all-time high of nearly $20,000 and now hovering below $4,000.
It’s evident that Wall Street has sat back and watched this washout of capital leave the crypto markets as no significant money has entered the market.
Crypto OTC Trading Markets Heating Up
While Wall Street has purportedly been waiting for the right time to enter the crypto markets, it appears that selling on over the counter (OTC) desks is heating up, with significant buy volume.
The prominent crypto OTC trading firm, Cumberland has recently…