While bitcoin (BTC-USD) bounces back above $88,000 per token on Tuesday, a lot of damage has already been done in the broader crypto space as the asset's extended sell-off has dragged crypto stocks and ETFs lower. Sevens Report Research Founder Tom Essaye and Yahoo Finance senior reporters Brooke DiPalma and Ines Ferré weigh in on the state of the crypto space, coming as Bank of America is recommending that its wealth management clients should allocate 4% of their portfolios into crypto. To watch more expert insights and analysis on the latest market action, check out more Opening Bid.