Bitcoin pumped 43% in January 2023! What to expect in February — Watch The Market Report live
, 2023-01-31 11:03:45,
This week on The Market Report, the resident experts at Cointelegraph discuss Bitcoin’s (BTC) impressive January rally and whether there are any indicators that suggest it could continue in February.
We start off this week’s show with the latest news in the markets:
Best January since 2013? 5 things to know in Bitcoin this week
After sealing its highest weekly close in almost six months, BTC/USD remains over 40% up year-to-date, with the monthly close just 48 hours away — can the gains hold? Throughout, concerns have called for an imminent come-down, and even new macro BTC price lows as disbelief swept the market. That grim turnaround has yet to come to fruition, and the coming days could yet turn out to be a crucial period for Bitcoin’s long-term trend. It’s going to be a busy week for the markets as the United States Federal Reserve will decide on its next rate hike this week, with Fed Chairman Jerome Powell giving much-anticipated commentary on the economy and policy. The European Central Bank will make the same decision a day later. Add to that the psychological pressure of the monthly close, and it is easy to see how the coming week could be more volatile in Bitcoin’s recent history. So, buckle up as our experts break down the five key things to know in Bitcoin this week.
Bitcoin premium hits 60% in Nigeria as country limits ATM cash withdrawals
At the time of writing, the price of 1 BTC on the Nigerian crypto exchange NairaEX is 17.2 million nairas,…
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