Multiple crypto company failures shouldn't be surprising given huge price declines among tokens, the firm said.
Though bitcoin prices appear to have stabilized, analysts fear there is more pain to come.
Evercore ISI strategist Julian Emanuel said high oil prices have a history of upping the odds of a recession.
U.S. inflation has probably peaked, said Marco Kolanovic, the firm's co-head of global research.
The debate over the risks of indexing has been building as passive funds grab market share from their active rivals.
Bitcoin remains tightly correlated with the Nasdaq 100 index.
Some corners of the Islamic world have shown skepticism about cryptocurrencies.
Buckle-up, buckaroos: Bank of America strategists expect equity volatility to remain high.
Commodities have rallied across the board this year, with gains in energy, metals and crops.
The advance was kicked off by optimism about a U.S. overhaul of crypto oversight.
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