.MorganStanley says that crypto markets have been weakening as central banks look to tighten. By willcanny99
Low interest rates, expansion of central bank balance sheets, and government stimulus were all “drivers of exponential cryptocurrency price rises” in the last two years, Morgan Stanley said in a research note.
Retail investor sentiment on social media has also started to turn less bullish since late last year with the recent downward price momentum also contributing to the bearish sentiment, the bank said.
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