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Will crypto go up
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" believe that bitcoin's winter is over," Naeem Aslam, chief market analyst at AvaTrade, said in a note late last week. At the same time, weakness in the US dollar as the Federal Reserve appears closer to pausing rate hikes has supported price gains for bitcoin and other cryptocurrencies, he said. Bitcoin will go up This would be highly improbable now, as ‘attracting more and more people to invest in bitcoin, or finding exceptionally wealthy investors will become more and more difficult. Although institutional investment in bitcoin and the crypto market is expected to rise manifold according to noted global fintech leaders.
Is bitcoin gonna keep going up
Bitcoin — and most other cryptocurrencies like it — have often gone through massive boom and bust cycles, of which this year's is only the latest. Bitcoin Price Predictions for 2022: Between $10,000 and $28,000 Investors are also keeping one eye on the macroeconomic situation. Bitcoin has proved to be closely correlated to risk assets such as stocks, and in particular, the tech-heavy Nasdaq. These assets are affected by changes in interest rates from the Federal Reserve and other macroeconomic moves. Last year, the Fed embarked on an aggressive interest rate hike path to try to tame inflation, which hurt risk assets along with bitcoin.
Cooling US dollar is good for Bitcoin
Is the latest cryptocurrency crash a sign of the future or will crypto go back up and reach new heights? This is the question many investors are considering at the moment. In fact, Bitcoin’s major crash led to many uncertainties in the market. This includes many popular altcoins that took a hit in value as well. Let’s dig a little deeper and determine what the future outlook of cryptocurrencies may be. Stocks Mentioned Many experts wondered if the bitcoin price would return to $19,000 after the FTX implosion brought the entire crypto market down. As of this writing, bitcoin has been hovering around that price point. While it’s evident that bitcoin isn’t an inflation hedge, there are hopes that the price will continue to rise on positive economic data.