$BTC is up 30% over the last week
, Ava Labs recently reached recently secured a partnership with Amazon Web Services, a subsidiary of tech giant Amazon. As the result, the price of the AVAX token expedited a double-digit price increase.
Experts are attributing this recent surge of risk assets to a cooling in inflation expectations, coupled with the Federal Reserve’s expected slowing of interest rate hikes. Michael Purves from Tallbacken Capital Advisors told Bloomberg that risk asset are likely to experience bullish near-term price action.
Bitcoin's gains offer stark contrast to last year's slump of over 60%. The massive correction was triggered by various crypto blowups, including the implosion of
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