Markets
Bitcoin Rally and “Short Memories” restart everything in crypto
Bitcoin’s rally to near an all-time high is waking up animal spirits – not just in the cryptocurrency market itself, but in the broader financial world that had left the digital assets sector for dead the first time. last year.
The change of heart can be seen in the improving outlook for deal flow, highlighted by Robinhood Markets Inc.’s purchase of crypto exchange Bitstamp Ltd. Thursday, as well as a resurgence in venture capital investment to a level that some analysts expect to be a record. number of initial public offerings companies linked to the industry.