Digital assets held on quite well in February as global markets saw continued turbulence in 2022. In addition to existing concerns around rising inflation and uncertain Fed policy, new concerns around Russia’s decision to invade Ukraine have arisen, sparking further uncertainty. Volatility remained as the tech sector continued its move lower, and investors shed risk assets in favor of flight to quality. The crypto market briefly surpassed $2T with positive rebound momentum to close out the month, bringing bitcoin’s market cap above that of the Russian Ruble.

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