Welcome. This is what happens:
Price: Bitcoin stopped above $ 17,000, indicating that it will come out in three weeks. Over the next week, traders will be watching for continued speculation involving Digital Currency Group, Tron, Huobi, and Solana. Insights: New news has fueled speculation about whether crypto exchange Binance could come under scrutiny for anti-money laundering.
BTC/ETH price from CoinDesk Indices; Gold is the COMEX spot price. Prices from around 4 p.m. HEY
Bitcoin over $17,000; Next week, the focus is on Fed, DCG, Solana, Tron
By Bradley Keoun
Bitcoin (BTC) closed above $17,000 on Sunday, breaking away from its recent price range to a three-week high.
The major cryptocurrency briefly rose above $17,000 on Friday after data suggested that the U.S. job market is slowing – which traders in digital and traditional trading markets see as a sign that the Federal Reserve has may be able to relax its efforts to strengthen the financial position. But it took bitcoin a few more days to make the move past the threshold that effectively closed the entire session since mid-December.
Analysts are quick to point out that the price chart is still running, although Coinbase Institutional’s David Duong wrote that the news that the success continues to the $ 17 100 mark can put bitcoin on the back burner. the right way to the next level of technology is around $17,800. According to FundStrat’s Sean Farrell, the blockchain data shows that there are many buyers who are willing “to buy BTC at the level of $16,000 to $17,200.”
“This paints an alarming picture of a strong buying wall at current market prices and indicates that a strong bottom is forming,” Farrell wrote in a report.
At press time, the largest cryptocurrency is changing hands around $17,150, up 1.3% in the past 24 hours. Over the next week, bitcoin traders will be watching key US inflation news – also contributing to the Federal Reserve’s calculations. The monetary freeze by the central bank last week was the main reason why the price of bitcoin fell 64% last year, the worst annual performance in four years.