Q: What is driving the crypto market in the last few weeks. Buy, Hold or Sell
5i Research Answer:
In addition to FOMO, the price action is most likely due to demand from ETFs, as inflows into bitcoin and other funds has increased dramatically. With a fixed supply, buying pressure ensues. Bitcoin is approaching all-time highs and this is also getting investors very excited about the sector. We do not see a lot of 'fundamental' reasons here.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in BTCC.B.