Bitcoin fell to $32.8 thousand on January 24, 2021 after the announcement of Russia's proposal to ban digital assets. The prolonged fall of bitcoin is connected primarily with the exit of large investors from risky assets such as stocks and cryptocurrencies.
A bull market is only possible if the market recovers to 41 and does so quickly.
In the near term, the crypto market will be affected by the Biden administration's proposed national security memo to regulate crypto. The memorandum, which is expected to be presented in the next few weeks, "is intended to take a holistic view of digital assets and develop a set of policies that ensure consistency in what the government is trying to do in this area," a source told Barron's.
Buying below 30.000 or above 40.000 (scenario will be separate)
A bull market is only possible if the market recovers to 41 and does so quickly.
In the near term, the crypto market will be affected by the Biden administration's proposed national security memo to regulate crypto. The memorandum, which is expected to be presented in the next few weeks, "is intended to take a holistic view of digital assets and develop a set of policies that ensure consistency in what the government is trying to do in this area," a source told Barron's.
Buying below 30.000 or above 40.000 (scenario will be separate)
Comment:
Trade volumes are falling, buyers have no interest above 38.000
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