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According to Investing.com, the wealth management division of Morgan Stanley has suggested in an article that the cryptocurrency winter may be over.
Strategist Denny Galindo stated that a 50% increase in the price of Bitcoin from its low point is typically a positive sign, indicating that the trough has likely passed.
This year, Bitcoin's price has risen by 70%, marking a 77% increase from its low point last year. Galindo pointed out that most of Bitcoin's significant gains occur after halving events, and the next halving is expected to take place around April 2024. |
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