When new homes opened on Wall Street on January 31st, the price of bitcoin rose above 23000 yuan as the market greeted the settlement of a new macroeconomic policy.
Cointelegraph Markets Pro and TradingView statistics show that the BTC/ dollar rose about 1% an hour before the opening of the stock market, solving the friction resistance overnight.
With the monthly summary closing a few hours apart, Bitcoin is still about $800 lower than it was on Sunday, with the latter at $23950, meaning Bitcoin's strongest performance since 2022.
However, when checking the status quo, traders could not believe that one of the largest digital currencies would generate further profits by February.
Bitcoin rose more than 40% in January, making it its best month since 2013.
Crypto Tony, a popular trader, told Twitter followers on the same day: "for me, Bitcoin can do well again, up to $25000. This is really the best example of bitcoin investment."
He added that he expected February to be a "bullish February", with a share price forecast of $21400 or even $19000.
The login password Eric also mentioned the dollar, which soared to two weeks on the same day, inheriting a four-day upward trend. The U. S. stock index (DXY) is traditionally inversely proportional to landing in the password market.
At this point, peer trader and investment analyst Scott Melker is concerned about the weekly close of the S & P 500 above its 50-week moving average for the first time since April last year.
Spy has successfully collected the weekly candle above 50 MA since April. It is now being tested for support, and FOMC will come tomorrow, with the possibility of a turbulent week. Take a look at Friday's close, "he wrote on Twitter.
However, the formal analysis of the enterprise Glassnode from the chain analysis circumvents the forecast for next month.
In the latest special issue, week on the chain (The Week On-Chain), investment analysts highlight the need for January as a month for bitcoin to come back from the dead.
With the approach of the end of January, the bitcoin market has seen its strongest monthly summary price since October 2021, driven not only by demand from the spot market in China's history, the report concluded. It has also been promoted by a series of squeezing of empty orders.
"this rebound has restored profitability in most markets and enabled futures markets to trade at a healthy futures premium," he said. It is also noted that after the FTX, the initial irrational discharge of foreign exchange trading has been quiet to neutral, and has now been balanced by a new motivation injection.
As Cointelegraph reported earlier, various insiders feel that Bitcoin's rise is coming to an end.
Polkadot was launched in May 2020. In a market dominated by Bitcoin and Ethereum, it quickly established itself as the next generation blockchain. The scale and interoperability problems limit Bitcoin's ability to transfer value without the assistance of
For some newcomers to the currency circle, they are not familiar with the investment in the currency circle, and their understanding of the special currency is not very deep. Therefore, they may be at a loss in the choice of investment methods. Many inves
Lummis is a well-known crypto advocate on Capitol Hill with over $100,000 in crypto.
Several analysts argue that shrimp accumulation is good for the Bitcoin network because it makes the asset more decentralized over time.
ARK Invest filed for a spot Bitcoin ETF in collaboration with 21Shares long before BlackRock did, and its application is reportedly first in line for the SEC’s approval.
Interestingly, the price surge was on the back of increased activity from whales, as indicated by on-chain data. The increased activity led to an increased"/>
Recent market dynamics have seen Solana struggling to break above the $200 mark. A notable bearish factor among these market fundamentals is the recent"/>
DOGE, the internet's favorite memecoin, is back in the spotlight. Recent data reveals a surge in futures market activity, coupled with bullish technical"/>
The recent stratospheric rise of Bitcoin, reaching a new all-time high of $73,000, has sent ripples of excitement and trepidation through the crypto world."/>
Co-founder of Tornado Cash Roman Storm has filed a motion to dismiss the charges levied against him by the US Department of Justice (DOJ)."/>
On Thursday, March 28, a hack occurred on Prisma Finance, a decentralized lending protocol on the Ethereum network. The exploiter carted away about 3,257.7"/>
Once fully licensed in Dubai, Bybit plans to run a full-scope exchange, offering crypto lending, payments, investment and other services.
Tue, 18 Apr 2023