Cryptocurrencies, like stocks, remain highly sensitive to what is going on with interest rates and the Fed's rapid series of rate hikes last year was one reason why cryptocurrencies were hammered during 2022.
Coinbase also has a higher proportion of institutional investors and so the return of this premium may point to renewed interest among professional investors. "It's really a technology to update the financial system in all aspects, and then a way for people to build new applications on the internet, which people are calling web three."
IanKingSky
IanKingSky DEFI not centralized finance.
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