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Detail

Bitcoin (BTC) Price Smashes Its Weekly High to Recover From the Dip

BTC climbs to its highest price in a week. This happens with the sense of recovering from its new year’s decline. According to a report, Bitcoin (BTC) surged to its highest...
Bitcoin (BTC) Price Smashes Its Weekly High to Recover From the Dip © Reuters. Bitcoin (BTC) Price Smashes Its Weekly High to Recover From the Dip

  • BTC climbs to its highest price in a week.
  • This happens with the sense of recovering from its new year’s decline.

According to a report, Bitcoin (BTC) surged to its highest price in a week to recover from its market correction this year. Sparingly, traders had a strong expectation for this phenomenon to push BTC price from the $4k level, but it seems the crypto couldn’t survive.

At press time, Bitcoin price is at $43,726.93 with a 24-hour trading volume of $60.29 billion on CoinMarketCap. It has a threshold value of over $826 billion as its market capitalization.

Nonetheless, regardless of Bitcoin’s slow growth this time, this statistic still makes it the first largest crypto in the world. Ironically, the post attributed the BTC slight surge to the US Labor Department report on Consumer Price Index.

Reportedly, there is a rumor speculating that the crypto price will soon rise to make the market enter a bullish mode in the coming days. When this happens, the Federal Reserve may be pressured to tighten its monetary conditions according to the report. Additionally, investors somewhat see Bitcoin as an instrument that hedges against inflation. Quantum (NASDAQ:QMCO) Economics Co-Founder, Mati Greenspan said,

The market reaction to this new data might be a bit confusing as we see the crypto markets taking a victory lap. This time however investors seem a lot more relaxed about the Fed.

Furthermore, apart from Bitcoin, Near Protocol’s NEAR token also increased. Even more, the tokens showcase uptrend symptoms that it’s ready to go bullish in the market.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

Continue reading on CoinQuora

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28-01-2022 15:09:48 (UTC+7)

EUR/USD

1.1145

+0.0002 (+0.02%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (5)

EUR/USD

1.1145

+0.0002 (+0.02%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

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Buy (2)

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GBP/USD

1.3388

+0.0003 (+0.02%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (8)

Sell (1)

USD/JPY

115.22

-0.12 (-0.10%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

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Buy (0)

Sell (7)

AUD/USD

0.6987

-0.0044 (-0.63%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

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USD/CAD

1.2780

+0.0040 (+0.31%)

Summary

↑ Sell

Moving Avg:

Buy (2)

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Buy (1)

Sell (7)

EUR/JPY

128.42

-0.10 (-0.08%)

Summary

↑ Sell

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Sell (12)

Indicators:

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EUR/CHF

1.0376

+0.0007 (+0.07%)

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↑ Sell

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Gold Futures

1,787.00

-6.10 (-0.34%)

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↑ Buy

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Silver Futures

22.395

-0.281 (-1.24%)

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↑ Buy

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Copper Futures

4.3160

-0.1075 (-2.43%)

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↑ Buy

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Crude Oil WTI Futures

86.97

+0.36 (+0.42%)

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↑ Buy

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Brent Oil Futures

88.64

+0.47 (+0.53%)

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Natural Gas Futures

4.662

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US Coffee C Futures

235.85

+3.80 (+1.64%)

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↑ Sell

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Euro Stoxx 50

4,136.91

-48.06 (-1.15%)

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↑ Buy

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S&P 500

4,378.97

+52.47 (+1.21%)

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↑ Buy

Moving Avg:

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DAX

15,318.95

-205.32 (-1.32%)

Summary

Buy

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FTSE 100

7,466.07

-88.24 (-1.17%)

Summary

Neutral

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Hang Seng

23,550.08

-256.92 (-1.08%)

Summary

↑ Buy

Moving Avg:

Buy (12)

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Buy (7)

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US Small Cap 2000

1,930.40

-1.83 (-0.09%)

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↑ Buy

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IBEX 35

8,609.80

-96.20 (-1.10%)

Summary

↑ Buy

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Buy (6)

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BASF SE NA O.N.

68.510

+0.060 (+0.09%)

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↑ Buy

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Bayer AG NA

52.83

+0.25 (+0.48%)

Summary

↑ Buy

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Allianz SE VNA O.N.

227.80

-0.90 (-0.39%)

Summary

↑ Buy

Moving Avg:

Buy (11)

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Adidas AG

236.15

-6.00 (-2.48%)

Summary

↑ Buy

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Deutsche Lufthansa AG

6.791

-0.254 (-3.61%)

Summary

↑ Buy

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Siemens AG Class N

138.34

-2.16 (-1.54%)

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Deutsche Bank AG

11.912

-0.008 (-0.07%)

Summary

↑ Buy

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Buy (9)

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 EUR/USD1.1145Sell
 GBP/USD1.3388↑ Buy
 USD/JPY115.22↑ Sell
 AUD/USD0.6987↑ Buy
 USD/CAD1.2780↑ Sell
 EUR/JPY128.42↑ Sell
 EUR/CHF1.0376↑ Sell
 Gold1,787.00↑ Buy
 Silver22.395↑ Buy
 Copper4.3160↑ Buy
 Crude Oil WTI86.97↑ Buy
 Brent Oil88.64Sell
 Natural Gas4.662↑ Sell
 US Coffee C235.85↑ Sell
 Euro Stoxx 504,136.91↑ Buy
 S&P 5004,378.97↑ Buy
 DAX15,318.95Buy
 FTSE 1007,466.07Neutral
 Hang Seng23,550.08↑ Buy
 Small Cap 20001,930.40↑ Buy
 IBEX 358,609.80↑ Buy
 BASF68.510↑ Buy
 Bayer52.83↑ Buy
 Allianz227.80↑ Buy
 Adidas236.15↑ Buy
 Lufthansa6.791↑ Buy
 Siemens AG138.34↑ Buy
 Deutsche Bank AG11.912↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,170/ 6,230
(0/ 0) # 1,327
SJC HCM6,180/ 6,250
(0/ 0) # 1,344
SJC Hanoi6,180/ 6,252
(0/ 0) # 1,346
SJC Danang6,180/ 6,252
(0/ 0) # 1,346
SJC Nhatrang6,180/ 6,252
(0/ 0) # 1,346
SJC Cantho6,180/ 6,252
(0/ 0) # 1,346
Cập nhật 28-01-2022 15:09:53
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ↀ Giá vàng thế giới
$1,787.56-9.43-0.52%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2486025350
RON 95-II,III
E5 RON 92-II2359024060
DO 0.05S1890019270
DO 0,001S-V1925019630
Dầu hỏa1779018140
ↂ Giá dầu thô thế giới
WTI$86.93+1.331.53%
Brent$90.25+0.750.83%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.470,0022.780,00
EUR24.449,3926.003,22
GBP29.369,5930.841,11
JPY189,35201,87
KRW16,1119,77
Cập nhật lúc 18:50:56 28/01/2022
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