2023 Bitcoin view Bitcoin BTC Bitcoinprice
After having lost about 65% last year , Bitcoin began to get some traction on January 9th 2023, which was then boosted on January 12th following the “in-line” US December CPI announcement which measures the US inflation rate over 12 months.
but if we step back to a weekly view of the price action, Bitcoin is still a long way from where it was in early 2022 . Economies worldwide are weakening, especially in the US, and hiking rates at the same time may lead to recessions, which would then force central banks to cut rates and potentially start again Quantitative Easing. That should ignite a strong risk-assets rally in the second half of the year, and we may then see Bitcoin heading back to $50k.
On the other hand, the Market wants to front-run the FED as usual, on top of major underinvestment by institutions following their deleveraging of 2022.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal Conservatives open up 7-point lead over Liberals to start 2023: NanosThe federal Conservatives have gained a seven-point lead over the Liberals in the latest weekly ballot tracking by Nanos Research.
Read more »
Four Canadians advance to Australian Open second roundAuger\u002DAliassime and Andreescu lead strong Maple Leaf quartet in 2023
Read more »
Four Canadians advance to Australian Open second roundAuger\u002DAliassime and Andreescu lead strong Maple Leaf quartet in 2023
Read more »
Targa Newfoundland confirmed for 2023 | SaltWireICYMI: This year's event starts Sept. 16 in southern Avalon communities bordering St. Mary's Bay and wraps up in Brigus on Sept. 21. It's the first event following a four-year hiatus.
Read more »
Four Canadians advance to Australian Open second roundAuger\u002DAliassime and Andreescu lead strong Maple Leaf quartet in 2023
Read more »
Four Canadians advance to Australian Open second roundAuger\u002DAliassime and Andreescu lead strong Maple Leaf quartet in 2023
Read more »