On the first day of the new week, Bitcoin rose above $35,000, delighting investors. So, what developments await the largest cryptocurrency by market cap this week? What can affect the price? Here are the agenda items for this week…
Fall warning from famous author
Stocks rallied recently and the S&P 500 hit an all-time high. However, experts think that there will be a pullback in stocks and bond yields due to the US data that will continue to come. Rich Dad Poor Dad writer Robert Kiyosaki echoed his warnings about global markets on Monday, saying, “The best time to prepare for a crash is just before a crash. “The biggest collapse in world history is coming,” he said. He did not neglect to say, “Buy gold, Bitcoin while you can”.
Bitcoin price exceeds expectations
The bulls seem excited as Bitcoin closes the week above expectations, above the $34,000 level. Analyst Rekt Capital says this shows that BTC/USD is refocusing on the target. He also adds that it is “great for bullish momentum,” adding that a more positive scenario could continue to be pursued, indicating a potential local top in the mid-$40,000 range.
Record drop in Bitcoin difficulty
Within four days, the difficulty level on the Bitcoin network will drop by an estimated 23.24 percent, at a rate never seen before. This record drop is seen as a result of Chinese miners collectively halting their activitydollar series.
BTC continues to be adopted globally
As we reported , Ricardo Salinas Pliego, one of the richest in Mexico, described Bitcoin as the “new gold” this weekend. He also confirmed that his bank Banco Azteca is in the process of incorporating BTC.
What does the Fear and Greed Index show in Bitcoin?
According to the famous Crypto Fear and Greed Index, sentiment around BTC is still fear driven. This index, which measures the level of cautiousness of traders, saw its lowest levels last month. Although it has risen since then, market sentiment remains “extremely fearful”. According to experts, this may indicate that large price increases will be seen.
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