Is Money Entering Crypto?
The recent decline in US stock markets has caused investors to turn to alternative assets.
In particular, losses in indices such as the S&P 500 and Nasdaq led to a shift of capital to cryptocurrencies.
While the trend towards traditional safe havens such as gold continues, digital assets such as Bitcoin and Ethereum are also in strong demand.
Yesterday's increased trading volume in the crypto market clearly reflects the effects of this shift.
Investors may continue to favour instruments with more flexibility and high return potential due to economic uncertainties and uncertainty in interest rate policies.
What Do You Think?
