LFG

Weekly Recap

It was another week of green candles across the crypto ecosystem as bitcoin flirted with its 200-day moving average for the first time in several months.

Like last week, the more speculative sectors outperformed the prior 7-days, with the once-beleaguered DeFi sector continuing to turn some heads.

Source: Messari

Below we examine some of the reasons we think that this relief rally mirrors those seen in late 2021 and why this rally might have some legs on it.

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