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'Crypto winter' may be over as Bitcoin halving approaches - Morgan Stanley
2023 has been a volatile year for the cryptocurrency market. Bitcoin (BTC) got off to a hot start, surging from $16,200 to nearly $32,000 over the first few months on the back of several major developments including the largest banking crisis since 2008, but has since struggled to regain that momentum. The market has been trapped in what’s been called a “crypto winter” since prices peaked in November 2021, as multiple high-profile bankruptcies and a regulatory clampdown on the industry by the Securities and Exchange Commission (SEC) have pushed many investors out of the market and seen token prices fall 50-95%. ... (full story)