Cryptocurrencies have come roaring back this year. The price of Bitcoin (BTC-USD), the largest crypto by market capitalization, is up 82% year to date. Ethereum (ETH-USD), the second biggest crypto, is up 56% since January. Sentiment towards digital coins and tokens has improved sharply as investors’ risk appetite has improved with expectations that the United States Federal Reserve is nearing the end of its interest rate increases. Furthermore, several investment firms are applying for and promoting the merits of spot Bitcoin exchange-traded funds (ETFs), a development that analysts say could be a game changer for the entire crypto market. With so much on the rise, investors aren’t even thinking about which cryptos to sell.
