The BTC/USD pair remained in a tight range slightly above a key support level as investors focused on the strong US dollar. Get our Bitcoin signal here:
The pair is trading at 46,730, which is slightly above the key support level at 45,700, where it struggled to move below in December.The BTC/USD pair struggled as the US dollar bounced back. The currency rose to the highest level since January 2017 against the Japanese yen. The dollar index, which tracks the greenback against a basket of currencies like the euro and sterling also rose.
This increase happened as investors positioned themselves for a more hawkish Federal Reserve. The Fed has hinted that it will start hiking interest rates this year. Precisely, the bank expects to implement about three hikes. It is not alone. The Bank of Canada and Bank of England have already started their hiking cycle. And more banks will likely follow this trend since the global economy is expected to rebound in the coming months.. In an interview with CNBC, the founder and CEO of Nexo estimated that BTC will jump to about $100,000 this year. He cited the growing institutional adoption as regulations become clearer.
He also said that interest rates will remain low for a while. While the Fed is expected to start tightening this year, rates will remain at historic lows for more years to come., Carol Alexander of Sussex University said that she believed that BTC/USD will drop to about 10,000. She cited the substantial swings of Bitcoin prices and global regulatory scrutiny. Countries like Turkey and India are expected to unveil their regulations soon.
The pair is slightly above this level and is along the 25-day moving average. It has also formed what looks like a
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
BTC/USD Forex Signal: Range-Bound with Bullish BiasThe $BTCUSD pair remained under pressure in the evening session even as the Bitcoin hashrate surged to an all-time high.
続きを読む »
EUR/USD Forex Signal: Bearish View Amid ECB, Fed DivergenceThe EUR/USD pair declined sharply as the US Dollar Index jumped on the first trading day of the year.
続きを読む »
Forex Today: USD/JPY Breaks Out to 5-Year HighForex Market Sees Strong USD on Rising Yields, Weak JPY; US Stocks Near Record High
続きを読む »
AUD/USD Forex Signal: Aussie Retreats Ahead of RBA DecisionThe AUD/USD pair tilted lower on Monday as concerns about the Covid-19 pandemic in Australia rose.
続きを読む »
GBP/USD Forex Signal: More Upside Ahead of ADP EstimatesThe GBPUSD price rose to a key resistance level after the UK government ruled out further Covid-19 restrictions.
続きを読む »
EUR/USD: Technical bearish pressure is ramping up, 1.1240 aligns as next strong supportEUR/USD has declined below 1.1300 amid renewed dollar strength. As FXStreet’s Eren Sengezer notes, the door is open for additional losses. Near-term t
続きを読む »