Institutional Confidence in Crypto Remains Strong Despite Market Volatility

A recent study by Swiss crypto bank Sygnum reveals that despite significant market fluctuations in October, institutional investors remain confident in the future of crypto assets. The survey shows that 61% of institutions plan to increase their exposure to cryptocurrencies over the coming months, with 55% expressing a bullish outlook on the short-term performance. This optimism is fueled by anticipated returns in the sector and a continued allocation to crypto assets despite market corrections that have seen a $20 billion drop earlier this month.