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In this week’s market report, Cointelegraph’s resident expert discusses the real reasons behind the recent price surge in the market. Could this lead him to over $25,000 in Bitcoin (BTC) or will some unexpected event ruin the party?
This week’s show starts with the latest news on the market.
Stablecoin Data Shows Bullish ‘Healthy Appetite’, Bitcoin Could Rally to $25,000
Bitcoin climbed 11% between Jan. 20 and Jan. 21, hitting the $23,000 level, dashing bears’ hopes of a pullback to $20,000. More notably, the move led to demand from retail investors based in Asia, according to data from leading stablecoin premium indicators. On January 20th, he had another bullish piece of news after US Federal Reserve Governor Christopher Waller stepped up market expectations for his 25 basis point rate hike in February. rice field. Will these odds and others favor a move towards $24,000 or him towards $25,000?
SEC Commissioner Reminds ‘Crypto Point’ As Market Seeks Recovery
U.S. Securities and Exchange Commission Commissioner Hester Peirce said industry insiders need to remember what cryptocurrencies are after a terrible year. In his speech at the Duke Conference Digital Assets, Peirce laid out some lessons to be learned from the challenges the crypto industry had to face last year. According to the commissioner, 2022 has been a “terrible, terrible, bad, very bad year” for both the crypto space and regulators. I think. To find out what she thinks cryptocurrency is, watch her live show.
Bitcoin Price Stuck Near $23,000 As Data Shows Hodler Not Selling BTC
With BTC up 40% in January, further concerns centered on profit-taking temptations. Nevertheless, in the latest edition of its weekly newsletter The Week On-Chain, the analytics firm Glassnode notes that long-term holders are broadly determined not to exit the market, even after a year or more of losses. Remaining unwavering, pointed out. Is this another signal of strength and belief in the crypto space as a whole? Our experts break it down for you.
Our experts cover these and other developing stories, so stay up to date with the crypto world.
Next up is a segment called ‘Quick Crypto Tips’, which aims to give newcomers to the cryptocurrency industry quick and easy tips to get the most out of their experience. Tip of the Week: What is Crypto Copy Trading?
Market expert Marcel Peckmann then takes a close look at the Bitcoin and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the coming months? Peckman is here to break it down.
Finally, we have an insight from Cointelegraph Markets Pro, a platform for crypto traders who want to stay ahead of the market. Our analyst used Cointelegraph his Market Pro to identify two of his altcoins that stood out this week.
Have a question about a coin or topic not listed here? Join our YouTube chat room and post your questions. The person with the most interesting comments or questions has a chance to win her one-month subscription to Markets Pro worth $100.
Market reports are streamed live every Tuesday at 12:00 PM ET (5:00 PM UTC), so be sure to visit Cointelegraph’s YouTube page for all future videos and updates.[いいね]When[購読]Push the button.
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