This week on The Market Report, the resident experts at Cointelegraph discuss the real reasons behind the recent price pump in the market.
Can this lead to a $25,000 Bitcoin (BTC) and beyond, or will some unforeseen event ruin the party? Tune in to find out.We start off this week’s show with the latest news in the markets:Stablecoin data points to ‘healthy appetite’ from bulls and possible Bitcoin rally to $25KBitcoin rallied 11% between Jan.
20 and Jan. 21, reaching the $23,000 level and shattering bears’ expectations for a pullback to $20,000. Even more notable is that the move brought demand from Asia-based retail investors, according to data from a key stablecoin premium indicator.
Another bit of bullish information came on Jan. 20 after United States Federal Reserve Governor Christopher Waller reinforced the market expectation of a 25 basis point interest rate increase in February.Read more on cointelegraph.com