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It’s ‘The Most Hated Rally,’ Market Analyst Says Of Bitcoin, Solana And Avalanche: Here’s Why

Institutional investors are waiting on the sidelines for more crypto regulations, according to the chief strategy officer of market intelligence firm CoinShares. Bitcoin (CRYPTO: BTC) has surged over 14% this week and hovering around $44,000, a stark contrast to its position in January. This upswing, termed by Demirors as the “most hated rally,” in an interview with CNBC, comes amidst a backdrop of market disasters, bankruptcies, and regulatory challenges in 2022. Also Read: SEC May Be Hinting About A Bitcoin ETF – Here Are Clues And Warnings We’re Following “The big traders, the macro desks, …