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Bernstein: Bounce in Cryptocurrencies Is ‘Mean Reversion’ Rally

The gains are unlikely to foreshadow a sustained advance, a report from the brokerage firm said.

Updated Jan 23, 2023, 8:03 p.m. Published Jan 23, 2023, 12:45 p.m.
Positive regulatory news from Hong Kong is also fueling a rally in cryptocurrencies. (Unsplash)
Positive regulatory news from Hong Kong is also fueling a rally in cryptocurrencies. (Unsplash)