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The current year has been fruitful for the crypto as it has gained nearly 84% so far, making Bitcoin top-performing asset in the respective market in Q1 of 2023. The latest sharp rally does indicate a growing interest in cryptocurrencies among Indian investors.
Markets are under pressure after over contagion fear in banking and financial sector, especially after lenders like SVB and Signature Bank collapsed in the US. Soon after, worries followed in Credit Suisse when it said in its annual report for 2022 that they have identified ‘material weaknesses’ in internal control over financial reporting.
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