Why is crypto pumping? Watch The Market Report live
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
