This week, in The Market Report, resident experts at Cointelegraph discuss the real reasons behind the recent price hike in the market. Can this lead to a $25,000 Bitcoin (BTC) and beyond, or will some unforeseen event ruin the party? Tune in to find out.
We start this week’s show with the latest news in the markets:
Stablecoin data suggests bulls have “healthy appetites” and a possible Bitcoin rally to $25,000
Bitcoin surged 11% between Jan. 20-21, reaching the $23,000 level and shattering bearish expectations for a pullback to $20,000. Even more notably, the move drew demand from retail investors out of Asia, according to data from a key stablecoin premium indicator. More bullish news came on Jan. 20 after Federal Reserve Governor Christopher Waller reiterated market expectations of a 25 basis point rate hike in February. Are these and other odds favoring a rally towards $24,000 or maybe even $25,000?
SEC commissioner recalls “point of crypto” as market aims for recovery
Hester Peirce, commissioner at the U.S. Securities and Exchange Commission, said that after a terrible year, industry players need to remember what crypto is really about. Speaking at the Digital Assets at Duke conference, Peirce laid out some lessons learned from the problems the crypto industry has faced over the past year. According to the commissioner, 2022 was a “terrible, terrible, not good, very bad year” for both the crypto space and regulators. However, Peirce believes there are valuable lessons to be learned from the series of issues that have emerged over the past year. To find out what they think crypto is really about, be sure to tune in to the live show.
Bitcoin price remains near $23,000 as data shows hodlers not selling BTC
With BTC up 40% in January, another area of concern has centered on the temptation to take profits. Still, in the latest edition of its weekly newsletter, The Week On-Chain, analytics firm Glassnode pointed out that long-term holders have largely remained steadfast in their determination not to exit the market — even after more than a year of losses. Is this another signal of strength and conviction in the crypto space? Our experts break it down for you.
Our experts cover these and other evolving stories, so make sure to tune in to keep up to date with the latest developments in the crypto world.
Next up is a segment called “Quick Crypto Tips,” which aims to provide newcomers to the crypto industry with quick and easy tips to get the most out of their experience. This week’s tip: what is cryptocurrency copy trading?
Market expert Marcel Pechman then takes a close look at the Bitcoin and Ether (ETH) markets. Are the current market conditions bullish or bearish? What are the prospects for the coming months? Pechman is here to break it down.
Last but not least, we have insights from Cointelegraph Markets Pro, a platform for crypto traders who want to stay ahead of the market. Our analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week, so be sure to tune in to find out which ones made it.
Do you have a question about a coin or a topic that is not covered here? Don’t worry – join the YouTube chat room and post your questions there. The person with the most interesting comment or question has a chance to win a $100 one month subscription to Markets Pro.
The market report is streamed live every Tuesday at 12:00 PM ET (5:00 PM UTC), so be sure to head over to Cointelegraph’s YouTube page and smash the like and subscribe buttons for all of our future videos and updates.