Wall Street analysts call $6.4 billion Binance hack a buying opportunity

Wall Street analysts are encouraging investors to consider the $6.4 billion Binance hack as a buying opportunity for crypto-linked stocks, rather than a reason to abandon the sector. Cantor Fitzgerald, TD Cowen, and Compass Point told clients in their Friday research notes that the unprecedented theft is unlikely to halt the recovery of the broader cryptocurrency market. The reassurance from major investment firms followed a sharp selloff that pushed Bitcoin down toward $77,000 after digital assets worth billions were stolen from Binance, the world’s largest cryptocurrency exchange by trading volume.

Also reported by TheStreet Crypto.

Source: CoinTurk News