The crypto sphere is experiencing renewed optimism, with market bellwether Bitcoin breaking past the $25,000 mark for the first time in close to six months. Though it still has plenty of ground to make up for to reach the highs achieved in November 2021, its recent performance has been incredibly encouraging. Therefore, many investors would want to scoop up the best cryptos to buy ahead of a sustained bull run. Bitcoin’s recent surge is a breath of fresh air for investors in digital assets. In a
To paraphrase a famous Mark Twain quote, reports of the death of cryptocurrencies have been greatly exaggerated. In fact, crypto has been on a red-hot run so far in 2023, outperforming most other asset classes, including stocks. In 2023, the price of Bitcoin (BTC-USD), the biggest cryptocurrency by market capitalization, is up 40%. At the start of December, following the spectacular $8 billion implosion of FTX, a crypto exchange, Bitcoin was trading under $16,000; now it’s changing hands for jus
Following last year’s “crypto winter,” a wide range of cryptocurrencies and related projects declined sharply. Altcoins suffered some of the steepest losses. Thus, many investors may be looking to diversify away from these digital assets, rather than attempting to find cheap altcoins to buy right now. That view certainly makes sense. Many of the same macro catalysts which led to a marked decline in this sector persist. Specifically, interest rates are still rising, inflation remains robust, and