The crypto market in January 2023 shows rapid growth. Compared to the beginning of the year, the cost of bitcoin has already added about 40%, with 10% just today. Currently, the cost of bitcoin is in the region of 23 thousand dollars. Ethereum, the second largest cryptocurrency in terms of capitalization, showed similar dynamics - its value also rose by almost 40% (including 6% today) - to about $1,650. As a result, bitcoin has outperformed gold in the rate of appreciation, and is now showing a sharp reversal after falling more than 60% in 2022. But is it possible to talk about the end of the “crypto winter”, or is the current growth only local? Three reasons for growth Psychological The first reason is psychological, believes Ivona Gutovich, COO of Green Crypto Processing. “The growth is primarily due to the psychological factor of the absence of any negative news. Restrained optimism and increased riskiness returned to the markets. Over the past two weeks, all assets have been growin...
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