After the bloodbath seen in 2022, most cryptocurrencies began to turn the corner at the start of the new year. The general increase in risk appetite has proven to be salubrious for the space.
Former Treasury Secretary Lawrence Summers said on Friday that the Fed’s job in corralling inflation is closer to being done, and also mentioned one important imminent macroeconomic indicator to monitor.
Electric vehicle stocks rebounded with vigor in the week that ended on Jan. 13, lifted by the broader market strength. Most of them saw double-digit gains from their depressed levels.