Markets
Bitcoin Rally and “Short Memories” Rekindle Everything in Cryptocurrencies
Bitcoin’s rally to near a record high is awakening animal spirits, not only in the cryptocurrency market itself, but in the broader financial world that left the digital asset sector for dead last year.
The change in sentiment can be seen in the improving outlook for deal flow, highlighted by Robinhood Markets Inc.’s purchase of cryptocurrency exchange Bitstamp Ltd. on Thursday, in a pickup in venture capital investment to what some analysts expect there to be record amounts of initial public offerings of companies linked to the sector.