After a slight decline in the first few days of February, cryptocurrencies resumed their upward trend in January. Early in February, there was still another decline, but purchasers recovered, indicating that the crypto winter had ended. Despite the unfavorable mood in financial markets, Ethereum recovered above $2500 while Bitcoin surged over $48,000, indicating that buyers were still in charge.

Since October of last year, when central banks began to reduce interest rates, stock markets and indices have been in a bull market. But while the sentiment remained ambiguous, they have also been retreating lower during the past three days.