Crypto was in freefall in late 2022 as faith in digital assets suffered amid the FTX scandal and the collapse of other notable crypto companies.It's about doubled since its low point in November.Through April 4, the top 100 digital assets were up 48% in 2023, beating gold , stocks , high-yield bonds and oil , according to Bank of America analysts Alkesh Shah and Andrew Moss.
"Over the past month, investors were focused on recent banking turmoil and economic implications," the analysts wrote, and "digital assets were likely a beneficiary of uncertainty ... as investors chased price momentum and added risk assets for diversification and as terminal target rate expectations shifted lower than previously anticipated.
Celine Dion
(Pssst - it's all a scam!)
call it a thaw
Here is what you need to know - it will be pumped, people will think it a sign of hope, whales will take the opportunity to cash out and crash it again. Rinse and repeat. Nobody ever learns.
SHOUTING! DO NOT LET ANYONE CON YOU INTO TURNING OVER FUNDS YOU CAN NOT AFFORD TO LOSE. Perform your own diligence, select a company and stick with them. I've been with the same one for many years and never had any issues with them. It's your choice, so please choose wisely.
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