For quite a while now, Cryptocurrencies have been going through some recovery after losing some ground. Bitcoin has faced such loss as the peak went from $40,000 to $30,000. In addition to this, Bitcoin trading was at $35,038 but still down more than 40 percent while the market cap is below $1.5 trillion marks.
However, the crypto world is becoming even more popular as financial services such as Morgan Stanely invest into the crypto ecosystem by purchasing approximately 28,289 shares of Grayscale Bitcoin Trust through its Europe Opportunity Fund.
All in all, cryptocurrencies are expected to make a gradually slow recovery but with the involvement of financial services, the recovery might accelerate.
History rarely repeats itself … but it often rhymes. pic.twitter.com/1bOG9PGsfJ
— CryptoMorek (@ekryptopia) June 27, 2021