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An Encouraging Sign From Crypto Rally
There’s talk that animal spirits have been renewed in some “meme” stocks. But some market participants may be wondering if a similar scenario is playing out amid the recent cryptocurrency rally. After all, there have been periods when “memecoins” have exhibited leadership traits. In what could be good news for exchange traded funds such as the Amplify Transformational Data Sharing ETF (BLOK), the recent crypto resurgence is sourcing leadership from larger digital currencies, including the largest – bitcoin. As of late Wednesday, bitcoin was up 7.20% over the past week. It’s quelling the notion that the ... (full story)