Bank of America reports 6% jump in consumer spending with wage growth across all income groups

The post Bitwise Report: Crypto Fundamentals Are Getting Stronger Despite Third Straight Negative Quarter appeared on BitcoinEthereumNews.com. Usage metrics tell a different story from price action, with adoption continuing to outpace market performance this cycle. Bitwise’s Q2 2026 crypto market review shows its 10 Large Cap Crypto Index dropped 15.4% last quarter, the third straight quarter in the red and the longest such stretch since 2022. However, the same report argued that even as prices fell, the crypto sector, including stablecoins, tokenized assets, and prediction markets, has been strengthening. Crypto Prices Down, But Fundamentals Are Improving According to Bitwise, eight of the index’s 10 constituents finished Q2 in the red, with the worst performer in the basket being Cardano (ADA), which slipped nearly 40% in Q2 and is down more than 56% year to date. Ethereum and XRP lost 24.66% and 20.79% of their values, respectively, while Solana’s dip was more modest in comparison

Usage metrics tell a different story from price action, with adoption continuing to outpace market performance this cycle.

The post Why former Bank of America strategist sees an Ethereum ‘tactical bottom’ appeared on BitcoinEthereumNews.com. Stephen Suttmeier, former Head of Technical Strategy at Bank of America, believes Ethereum could be forming a “tactical bottom.” In his recent analysis report, Suttmeier said that if the price stays above $1690-$1700, it would support his thesis of the altcoin forming a tactical low above its June lows. Another confirmation for this bottoming pattern would be a reclaim of $1800. His projection was based on technical analysis, particularly using moving averages (MA) to gauge short- and long-term momentum shifts. As of press time, the Ethereum [ETH] price has briefly stalled below the 50-day MA (DMA).  Should the 50DMA be decisively reclaimed as support (ETH price above $1800), the next upside target would be the 200-day MA(blue line) at $2.2K, Suttmeier added. That would imply a 25% upside potential if the $2.1K obstacle is cleared.  Source: ETH/USDT, TradingView  In fa

The post U.S. banking giant says Meta among best stocks to buy right now appeared on BitcoinEthereumNews.com. Mark Zuckerberg’s Meta Platforms (NASDAQ: META) was rewarded for its stock market strength in the last two weeks with reinvigorated Wall Street bullishness and a particularly strong endorsement from Bank of America (NYSE: BAC). Specifically, BofA added the technology giant to its list of best investment ideas among the equities boasting a ‘Buy’ rating. The move came shortly after Bank of America’s Justin Post reiterated his ‘Buy’ rating for Meta stock and set the 12-month share price target at $835, thus indicating investors can expect a 32.23% rise for their position should they purchase. While BofA’s decision to add Mark Zuckerberg’s company to its top ideas list represents a particularly decisive recommendation, the bullish attitude itself is hardly a standout among major financial institutions. Indeed, the vast majority of ratings assigned since July started – Needham, JPMo

The post Ex-Bank of America Employee Charged with Stealing $139,000 from Elderly Customers in Tennessee appeared on BitcoinEthereumNews.com. Ex-Bank of America Employee Charged with Stealing $139,000 from Elderly Customers in Tennessee – The Daily Hodl No Result View All Result Source: https://dailyhodl.com/2026/07/10/ex-bank-of-america-employee-charged-with-stealing-139000-from-elderly-customers-in-tennessee/

A former Nashville banker has been charged with multiple felonies after allegedly stealing more than $139,000 from two elderly customers. Karl Stephen Richardson was arrested Tuesday following a four-month probe by the Metro Nashville Police Department’s Fraud Unit, reports NewsChannel 5. He is charged with two counts each of financial exploitation of an elderly adult, […] The post Ex-Bank of America Employee Charged with Stealing $139,000 from Elderly Customers in Tennessee appeared first on The Daily Hodl.

The post Hims & Hers (HIMS) Stock Jumps 45% — Can This Momentum Continue? appeared on BitcoinEthereumNews.com. Key Takeaways Bank of America increased HIMS price target to $37 (up from $36) while maintaining Neutral rating due to valuation worries Monthly oral Wegovy subscriber additions stalled in June according to credit card transaction data HIMS shares have surged more than 45% over the last month following Eucalyptus purchase and international growth strategy More than 28% of the free float remains short, indicating continued market doubt Analyst consensus leans Moderate Buy, though mean price target at $30.14 suggests approximately 16% downside potential Hims & Hers Health (HIMS) currently trades at $36.07, reflecting a remarkable 45%+ gain over the past month. However, Bank of America Securities recently bumped its price objective to $37 from $36 while sticking with a Neutral stance — a modest adjustment that speaks volumes about Wall Street’s hesitation. Hims & Hers Health, Inc

The post Bank of America Backs Nvidia Stock With $350 Target as Forward Multiple Hits 7-Year Low appeared on BitcoinEthereumNews.com. Key highlights: Bank of America is still predicting a 78% upside for Nvidia shares The stock is currently trading at about 18x forward earnings, its lowest valuation in seven years BofA said the market is underestimating the company’s pricing power The potential end of the AI boom has been a major talking point in the market recently. Investors like Michael Burry have been making claims that the AI rally is coming to an end. Bank of America has come out to say these concerns are a new buying opportunity for investors. The bank reiterated its Buy rating and maintained a $350 price target on Nvidia. They said that the company’s current valuation does not tell the full story of its growth potential in the long term.   Nvidia valuation reaches a multi-year low Interestingly, one of the biggest reasons Bank of America is bullish is the stock’s low valuation.