Although there was no specific catalyst driving bitcoin’s recent surge, digital asset investment firm CoinShares notes investors have been plowing money into cryptocurrencies for the past seven weeks.
“We believe this decisive turnaround in sentiment is due to growing confidence in the asset class amongst investors,” CoinShares said in a report Monday.
That increased confidence has pushed bitcoin to rally almost 20% in the past week. Other top cryptocurrencies, including ethereum, binance,…
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