Long-Term Focus Returns to Bitcoin Market
In its still young lifespan, bitcoin has developed a reputation for large moves – both to the upside and downside.
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In its still young lifespan, bitcoin has developed a reputation for large moves – both to the upside and downside.
Among individual stocks, they don’t get much more crypto-correlated than bitcoin miners. As such, it’s not surprising those equities were repudiated in 2022.
There’s still a long way to go to reclaim all-time highs and crypto naysayers will continue criticizing, but there’s no denying cryptocurrencies are soaring early in 2023.
The SEC voted 4–1 in favor of expanding the roster of securities that professional investors must hold with qualified custodians.
In the recent rally, bitcoin is tailing indexes like the Nasdaq 100 as it moves higher amid the anticipation of fewer rate hikes.