The S&P 500 index (SPX) fell 19.4% and the Nasdaq nosedived 33.1% in 2022, recording the worst efficiency since 2008. The crypto markets additionally had a horrendous yr with (BTC) falling roughly 65% in 2022. Compared, the US greenback, which is perceived to be a secure haven, rallied almost 9%, its greatest yr since 2015.
There are a number of inexperienced shoots seen for the cryptocurrency sector for 2023. The (DXY), which normally strikes in inverse correlation with Bitcoin might have topped out. This will increase the probability that choose cryptocurrencies could also be near forming a backside.
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