Grayscale published an article stating that market technicals suggest crypto assets have likely reached a temporary bottom. To capitalize on the rebound, investors should focus on two fundamental trends: first, regulatory clarity driving the adoption of stablecoins and tokenized assets; and second, technological innovations in blockchain in areas such as privacy, perpetual contracts, and prediction markets, with key beneficiaries including ETH, SOL, LINK, ZEC, and HYPE. The report notes that Bitcoin's pullback since early October accelerated in the past two weeks, briefly falling to around $60,000 on February 5th, a maximum pullback exceeding 50%, before a slight rebound. The sell-off swept across the entire crypto sector, with some Altcoin experiencing monthly declines of 65%–70%.
Grayscale: Market technical analysis suggests that crypto assets have most likely reached a bottom.
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