E-currency

Bitcoin Increases Its Valuation To Over $42,000 Good Expectations

Bitcoin Increases Its Valuation To Over $42,000 Good Expectations

After Friday’s 11.41% increase, Bitcoin (BTC) maintained its position at 41K. dollars and even exceeded.


Bitcoin is slowly regaining its position/image.  Kanchanara, Unsplash.com
Bitcoin is slowly regaining its position/image. Kanchanara, Unsplash.com
 

In recent weeks, Bitcoin has not been able to boast of a high value. It’s still way off the November record (over $68,000), but it looks like we’ve managed to at least recoup losses a bit and BTC is still above 41,000-42,000 now. Gap.

 

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However, there are still many negative factors for Bitcoin and the broader cryptocurrency market. These include a potential shift in the global regulatory landscape for cryptocurrencies, increased scrutiny and cash for Proof of Work mining, monetary policy of the Federal Reserve (the US Federal Reserve), and geopolitical risks.

However, it appears that the most panicked investors have already sold off – often at a loss. The fear and greed index decreased significantly. At the moment, the indicator only shows us “fear” (score 45) instead of the extreme fear (10) it was just a month ago. We saw such good results for F&G on December 28th – but worse later.

If this continues, the value of BTC could reach $50,000 in the next two weeks. However, much depends on the patience of investors. Analysts maintain that corrections are normal and there is no reason to fear, at least for the time being, that we will face a prolonged bear market and prolonged declines.

James Solway, chief market strategist at SEI’s Investment Management Unit stated: “The adjustments are a temporary setback to the long-term investment strategy. In addition, nearly half of all adjustments since 1966 have been resolved on their own in less than five months.”

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