According to the Asset Under Custody (AUC) data from Cobo, an institutional custodian, the confidence in the cryptocurrency market hit its lowest point in February 2022, followed by a quick recovery from March onwards. Cobo’s AUC has already bounced back to the level in November 2022, indicating that funds are returning to the market, the firm shared with CoinDesk in a note.
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- Source: https://www.coindesk.com/markets/2023/05/17/first-mover-asia-cryptos-rotating-profits/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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