The information and occasions associated to the banking disaster in the US and Europe have led to a rotation of funds into investments thought of much less dangerous. In keeping with the Monetary Instances, the U.S. cash market funds in March witnessed an influx of $286 billion.
Together with cash market funds, a portion of the cash might also have seeped into the crypto trade. The elevated demand may very well be one of many causes for Bitcoin’s (BTC) sturdy efficiency in March.
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