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On January 10, Bitcoin (BTC), the world’s largest cryptocurrency, is trading with a bullish bias, heading north toward the $17,500 level. Ethereum‘s (ETH) price, on the other hand, was able to surpass $1,330 this week as the overall cryptocurrency market began to improve. The crypto market’s recent performance has been encouraging. However, the duration of the upswing remains uncertain as investors await Federal Reserve statements. It will reveal future policies, particularly the magnitude of interest rate increases. Both bulls and bears are looking forward to the Consumer Price Index (CPI) reading on January 12. Recent drops in the CPI suggest that the Fed’s
Institutional Investors Forecast ‘Strong Year’ for Bitcoin — 65% Expect BTC to Hit $100K, Survey Shows
Institutional Investors Forecast ‘Strong Year’ for Bitcoin — 65% Expect BTC to Hit $100K, Survey Shows A new survey shows that institutional investors expect “a strong year ahead for bitcoin” and are confident about the cryptocurrency’s long-term valuation. In addition, 65% of institutional investors surveyed agree that bitcoin could reach $100,000. ‘Strong Year Ahead for Bitcoin’ Nickel Digital Asset Management published the results of a survey Thursday showing how high institutional investors expect the price of bitcoin to reach. The London-based investment manager is registered with the U.K. Financial Conduct Authority (FCA) and the U.S. Commodity Futures Trading Commission (CFTC).
Bitcoin price is steamrolling above the all-important $20,000 level, leading analysts to speculate on where BTC price might go. BTC $20,929 hit a yearly high of $21,095 on Jan. 13, where is it headed next? Bitcoin is currently witnessing an uptick in bullish momentum after the positively perceived Consumer Price Index (CPI) report was followed by a strong rally across the crypto market. The recent rally in Bitcoin is creating increased volume levels and higher social engagement on whether the price is in a breakout of fakeout mode. Is the Bitcoin bear market over? While the market is still technically in a