By Monika Singh | 26 Dec, 2022
Cryptocurrency 2022-23: What has been of crypto market and what lies ahead
With 2022 headed towards its end, investors seem to wonder what lies in the 2023 version of cryptocurrency market. It is believed that market analysts expect 2023 to drive global adoption of Web3.0, cryptocurrencies, and other underlying technologies. According to Shufti Pro, a software company, major events which impacted the cryptocurrency market in 2022 include Bitcoin and Ethereum losing over...
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Adam 2023-03-04 16:47:48
Bitcoin and crypto market to crash more - Bloomberg strategist - Bloomberg strategist, Mike McGlone thinks if the FED raises interest rates despite the risk of a recession, it could cause Bitcoin and other risk assets to decline. - For Bitcoin, a critical price milestone is $25,000. March could swiftly show whether crypto will hold up in the face of the Fed's tightening monetary policies. - Cryptocurrencies need to prove themselves amidst concerns about the possibility of further decline and the potential for sellers to act strategically based on risk vs. reward. - McGlone's bias is clear-cut: risk assets must demonstrate resiliency at the beginning of March becuase the federal funds rate was zero a year ago and is now close to 5%. Source - Coinpedia
Login & Reply Like(0) Dislike(0) Repost SpamAdam 2023-02-13 13:20:02
Is the recent price drop in bitcoin a warning sign or a buying opportunity? Investors are once again alarmed after a recent decline in the price of Bitcoin erased a more than 50% rise from January. Bitcoin has turned investment portfolios red and doesn't appear to be turning higher. While some investors are apprehensive, analysts reassure them by pointing out that the price drop presents a lucrative opportunity to buy additional Bitcoins in order to maximise gains in the future bull run. Messari, an on-chain analytics company, found that the FTX's collapse had had a greater impact on Bitcoin pricing than macroeconomic factors like inflation, job growth, and interest rate hikes. The company claimed that after FTX's liquidation, the price of bitcoin fell by 25%. Bitcoin is Getting Ready for a Huge Surge – The price of bitcoin is neutral from the previous day as a result of sellers opening short bets when BTC troubled to trade above its crucial price point of $23K. A bullish move in the BTC price chart is expected by the end of February as the Stochastic RSI makes a bullish cross inside its oversold support region, which previously marked a bullish rally in January. A steady rise in volumes could push the bitcoin price prediction for 2023 to $43,959.19 as per coinpedia. In contrast, the price of the star crypto could sink to a low of $23,218.00. Ref - https://coinpedia.org/price-prediction/bitcoin-price-prediction/
Login & Reply Like(0) Dislike(0) Repost SpamRaj Misrhra89 2021-12-07 13:36:50
I am really surprised with this forum... This is awesome for crypto lovers
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