A cryptocurrency market is a place where you should always stay tuned. Today we will talk about the most significant things that happened on the market, such as FED hiking rates and the sudden rise of Bicoin's value. So, if you are into crypto, specifically Bitcoin, there are 5 things you must know this week.
FED rate hikes
This week, everyone has been anticipating FED’s decision concerning applying interest rate hikes. For the last 18 months, FED has been using the restrictive policy. However, banks lately have been facing countless problems, which leads us to believe that a new banking crisis is unfolding. FED will have to decide on its next actions since such a crisis does not favor future interest rate risings. On the other hand, if inflation is to be stopped, FED needs to continue raising rates. So is there really a decision that would make everyone happy?
Will Bitcoin hit 30,000$?
The next anticipated event is Bitocin hitting the 30,000$ value. 2022 was not an easy year for cryptocurrencies, so now that Bitcoin’s value unexpectedly gained more than 20% in one week, everyone is dying to know what happens next. It looks like Bitcoin, which by now has reached 28,000$, will continue rising, which of course, cannot leave its buyers indifferent.
Will Bitcoin finally get out of the bear market?
Since 2021's difficult situation met with the FED’s restrictions, Bitcoin has been in its "bear" era. However, recent changes indicate the beginning of a new bullying era. In fact, according to analyst Scott Melker, it has already happened. Since Bitcoin price reached 28,000$, which is higher than its first high (25,212$). According to the analytics, even if the price was to go down, this would simply be a new downtrend. So, it looks like there's finally some light for the Bitcoins fans!
The highest Bitcoin greed in the last two years
As the value of Bitcoin rises suddenly, the majority of miners seem to believe that we're already in the bullish stage. This led to the fact that Bitcoin is now said to be at a 66/100 greed rate, according to the Fear and Greed Index.
So, although this time is volatile and unpredictable for the market, it's an excellent time to use the opportunity and buy Bitcoin. The easiest way to do so is to find a good crypto exchange. An example is B2Cash in Prague which offers its users good service and fair commissions as well as privacy and safety.