Why are Bitcoin whales accumulating BTC? Watch The Market Report
On this week’s The Market Report show, Cointelegraph’s resident experts discuss why Bitcoin (BTC) whales are accumulating right now and why this could be significant. Could this lead to the next bull run?
To kick things off, we break down the latest news in the markets this week:
Least volatile ‘Uptober’ ever — 5 things to know in Bitcoin this week
October 2022 has yet to prove itself as analysts predict “wild” Bitcoin price volatility for November. Bitcoin has started the last week of “Uptober” in a firmly average mood as the trading range to end all trading ranges continues to stick. Could this mean that a major trend change is about to occur? This week is going to be another important one with the release of the United States Personal Consumption Expenditures (PCE) Index for September. The week after will see the U.S. Federal Reserve meeting to decide on interest rate hikes based on specific data inputs, including PCE and the Consumer Price Index. The market currently expects another 75-basis-point hike, but what will the actual numbers be, and how will they impact the market?
What happened to all the hype around “Uptober?” So far, it has failed to deliver compared to October 2021. Some analysts are hoping for a dramatic turnaround in November, but Bitcoin has its work cut out for it if it’s going to reach anywhere near its previous all-time high.
Bitcoin will surge in 2023 — But be careful what you wish for
The Bitcoin community is divided about whether the token’s price is going to surge or crash in the year ahead. A majority of analysts and technical indicators suggest it could bottom between $12,000 and $16,000 in the months to come. This correlates with a volatile macroeconomic environment, stock prices, inflation,
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