Resurgence of ‘degenerate behavior’ is behind 2023’s crypto rally

Resurgence of ‘degenerate behavior’ is behind 2023’s crypto rally

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Resurgence of ‘degenerate behavior’ is behind 2023’s crypto rally

The Block2 months ago
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Published on February 03, 2023 10:00 GMT+00:00edited on February 03, 2023 10:31 GMT+00:00

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Episode 6 of Season 5 of The Scoop was recorded remotely with The Block's Frank Chaparro and eGirl Capital Co-Founder Hedgedhog.

Listen below, and subscribe to The Scoop on AppleSpotifyGoogle PodcastsStitcher or wherever you listen to podcasts. Email feedback and revision requests can be sent to podcast@theblockcrypto.com.


Since the start of 2023, the total crypto market cap has risen over 20%, and daily exchange volume has nearly tripled, according to data from The Block Research. 

In this Market Pulse edition of The Scoop, The Block's VP of Research Larry Cermak and eGirl Capital's Hedgedhog discuss the dynamics shaping the crypto market's current rally, and explain why they aren't holding out hope for a sustained uptrend.

According to Cermak, crypto is lacking a strong enough …