The models are broken
The market is trying to get back to the pre-Covid and pre-war times, but that model is broken. A new dawn is here and the financial world needs to adapt.
Steen Jakobsen,
Chief Investment Officer
Cryptocurrency analyst, Saxo Bank
Summary: This week the entire crypto market cap rose by 9.5%, bringing the market cap to USD 355 bn. Ethereum and Bitcoin rose by 4.5% and 15% respectively. This rise resumes the advance of the market which started in April this year.