Welcome to Uphold’s Up of the Day. Please note, this is NOT financial advice.

Is this rally too good to be true?

There seems to be no stopping this rally. Our research team found further evidence that institutions are buying both spot Bitcoin and futures in record numbers.

Macro factors like CPI, inflation, yield curve inversion & all the things that point to another difficult year are being ignored.

So as always, manage your risk and don’t rush into trades without looking closely at what you are buying. And that’s not financial advice, just common sense. 

Finally, we have the NFT marketplace, $BLUR, which was just listed on Uphold and is doing well with over 88% of users buying the asset, with some saying it’s way better than Opensea.

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Uphold's Up of the Day - February 16, 2023

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