Retail Crypto Traders Drive Rebound Ahead of Bitcoin Halving and Ethereum Upgrades
• Retail investor activity increased ahead of several crypto catalysts like bitcoin halving, Ethereum upgrade, and potential ether ETF approval
• Retail crypto trading platforms like Block, PayPal, Robinhood saw greater activity in Q4 2022
• Share of AI and meme tokens rebounded in February, signaling more retail involvement
• Bitcoin up 30% and CoinDesk 20 index up 24% in last 30 days partly due to retail investors
• JPMorgan sees bitcoin halving and Ethereum upgrade largely priced in, 50% odds of ether ETF approval