CRYPTO NEWS - Flat for Bitcoin Around $38000 - Crypto Market is Still in Fear
CRYPTO NEWS - Flat for Bitcoin Around $38000 - Crypto Market is Still in Fear
00:02 Intro
01:15 Crypto News
02:01 Bitcoin News
03:12 Ethereum News
04:02 Bitcoin Technical Analysys
05:55 Bitcoin Price Prediction
07:43 Outro
The night before, bitcoin (BTC) broke above $39,000 for the first time in two weeks.
However, so far the coin lacks support to maintain the upward movement, and it retreated to $38,840 on the night of Wednesday, February 2. The leading digital currency is now capitalized at just over $736.712 billion.
Recall that BTC was close to $69,000 in November and since then, its value has collapsed by about 50%, according to Bloomberg.
Ether and Solana are also trying to resume their offensive. Those altcoins have risen to $2788 and $112, respectively. Other digital currencies are also trading on the plus side, with market capitalization rising to $1.78 trillion.
Analysts at Arcane Research are predicting a gradual change in trend as risk appetite returns among investors. Last week bitcoin showed weak volatility.
On Monday, January 31, capital went back to the U.S. stock market, and cryptocurrencies were able to recoup some of their earlier losses. The BTC and Nasdaq correlation index strengthened throughout last month.
According to DailyFX strategist Nicholas Coley, bitcoin will trade in a range of $32,980 to $39,620 this week.
#crypto #bitcoin #ethereum #btc #bnb
00:02 Intro
01:15 Crypto News
02:01 Bitcoin News
03:12 Ethereum News
04:02 Bitcoin Technical Analysys
05:55 Bitcoin Price Prediction
07:43 Outro
The night before, bitcoin (BTC) broke above $39,000 for the first time in two weeks.
However, so far the coin lacks support to maintain the upward movement, and it retreated to $38,840 on the night of Wednesday, February 2. The leading digital currency is now capitalized at just over $736.712 billion.
Recall that BTC was close to $69,000 in November and since then, its value has collapsed by about 50%, according to Bloomberg.
Ether and Solana are also trying to resume their offensive. Those altcoins have risen to $2788 and $112, respectively. Other digital currencies are also trading on the plus side, with market capitalization rising to $1.78 trillion.
Analysts at Arcane Research are predicting a gradual change in trend as risk appetite returns among investors. Last week bitcoin showed weak volatility.
On Monday, January 31, capital went back to the U.S. stock market, and cryptocurrencies were able to recoup some of their earlier losses. The BTC and Nasdaq correlation index strengthened throughout last month.
According to DailyFX strategist Nicholas Coley, bitcoin will trade in a range of $32,980 to $39,620 this week.
#crypto #bitcoin #ethereum #btc #bnb
