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Crypto market stages comeback with Solana, Terra leading rally

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ICYMI: Crypto market stages comeback with Solana, Terra leading rally

The turn-around comes as investors become concerned about a more dovish Fed fade.After a brutal start to the year, the cryptocurrency market kicked off February in the green, with leading cryptocurrencies like Solana and Terra clocking in double-digit gains over the course of the last 24-hours.CoinGecko

Solana and Terra are still down 40% and 43%, respectively, since the start of the year. Bitcoin is down about 18% year-to-date. Indeed, the US stock market last month experienced the worst January since the global financial crisis, as noted by theIn a note to clients on Tuesday, JPMorgan said that it views the market as over-sold. "The stock market is not only in correction, it is already in bear market territory without a recession in site," the bank's analysts wrote.

... The current cycle is taking place in a backdrop of above average nominal GDP and EPS growth, which should allow the equity market to easily outperform cash and fixed-income over the coming years, even if one assumes some gradual de-rating."

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