the biggest Digital currencies The world had a very positive week, with an increase of more than 10% in the last seven days. the Bitcoin (BTC) It seems to have let the negative news go, while accumulating an increase of almost 30% since the beginning of 2023.
It may still be too early to declare victory. Analysts interpret the rally of the past few days as the beginning of a reflection of Bitcoin fundamentals in the quotes.
But without more news directly impacting prices – see more on last week’s news below – the global cryptocurrency market cap is courting $1 trillion once again. Learn about the performance of the ten largest cryptocurrencies in the world today:
|#||Noun||price||24 hours%||7 days|
|1||Bitcoin (BTC)||$21,157.73 USD||1.24%||10.41%|
|two||Ethereum (ETH)||$1,562.95 USD||1.64%||10.46%|
|7||Binance USD (BUSD)||$1.00||-0.01%||0.01%|
|8||Cardano (ADA)||0.3412 USD||1.65%||3.30%|
|9||Dogecoin (DOGE)||0.8161 USD||0.44%||2.15%|
|10||polygon (matic)||0.9617 USD||2.62%||6.24%|
What to Expect Next Week: Bitcoin Swinging, But Will It Fall?
In the area of indices, the US GDP has the potential to influence cryptocurrency prices. These data, which add to inflation for December and 2022 there, which will also be released next week, will answer some questions about the global recession.
Inflation measured by the PCE – the preferred indicator of the Federal Reserve (Federal Reserve, US BC) – should remain high until the latest reading, which calls for a more aggressive stance by the monetary authority against price escalation.
However, if economic activity remains weak, the Fed may need to ease the accelerator, which has the potential to stimulate risky assets in the medium term.
With earnings season in full swing, cryptocurrency investors should keep an eye on the quarterly results of major tech companies, the so-called Senior technicians.
The behavior of these companies is similar to the behavior of digital assets – thus, good results tend to increase cryptocurrency on the same day. For the next week, Microsoft, Tesla, Intel and IBM are required to publish their balance sheets.
Investors are still waiting for numbers from Meta (formerly Facebook), Alphabet (Google), and others Senior technicianswas released in the following weeks.
And what was the cryptocurrency week?
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