Crypto Rebounds and Accelerates Adoption Amidst Volatility and Divergent Paths.

Cryptocurrencies, including Bitcoin and Ether, continue to rebound in 2023 despite regulatory pressure and a banking crisis. SkyBridge Capital Founder and Managing Partner Anthony Scaramucci believes the market is "through the bear market" in cryptocurrencies. However, liquidity for major cryptocurrencies has fallen to record lows, and some investors are concerned about the sustainability of the recent rally. The Securities and Exchange Commission has issued 11 enforcement actions against crypto firms and individuals, while the Commodities and Futures Trading Commission has sued crypto exchange Binance and its CEO Changpeng Zhao.