Relieved by the Fed’s interest rate hike decisions and tight monetary policy, rhetoric that the crises in the crypto money sector have subsided. bitcoinhas experienced a 40% rally since the beginning of 2023.
According to Bloomberg’s report, BTC With this performance, he is preparing to break the record for the best January of the decade since 2013.
Bitcoin in January and Ethereum (ETH) While major cryptocurrencies such as Solana (SOL), Decentraland (MANA), and Axie Infinity (AXS) The price of smaller altcoins, such as Bitcoin, literally doubled in January.
Bitcoin and crypto- money Analysts, who evaluated the rise in the market and spoke to Bloomberg, said that the rally in January was the result of the crypto market. of FTX He thinks it shows that he is coming out of the distress caused by his collapse.
Author of the “Crypto Is Macro Now” newsletter Noelle Acheson said the following about it:
“The market is eager to recover and heal from the wounds of a major liquidity crisis triggered by the decline of FTX and other crypto lenders like Genesis.
In this context, January seems like a month full of new beginnings, with the clarity emerging about bankruptcy proceedings, corporate restructuring and market fundamentals that point to the bottom line.”
Other than Noelle Acheson from Bensignor Investment Strategies Rick Bensignor He also said that he expects a rise in Bitcoin.
Rick Bensignor BTC’He stated that it could increase to $25,000, the level reached in August.
*Not investment advice.
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