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During last week, Bitcoin reached a record level, approaching a price of $ 110,000 and causing the entire cryptography market with it. Friday morning, capitalization dates back again, establishing itself above 3.63 billions of dollars. The market needs time to adapt to the current heights and, so far, there are more signs indicating that it is a break before new growth rather than an impenetrable resistance of the market .
That said, the feeling of feeling sails in the greed area, reaching only one extreme greed. As was the case in mid-December, the high values of the confidence index intensified sales.
Bitcoin fell below $ 100,000 during the week, then approached $ 110,000 before reappearing slowly at $ 102,000. Sales intensified as the summit approaches $ 110,000 in December and January.
However, the support has also passed over $ 100,000, which means that market players are now getting used to a six-digit price. In addition, the market continues to bounce back around Bitcoin and cryptocurrency reserves by Washington officials, which adds volatility but does not help orient the market.
Context of the news
If investors in all categories, from private to institutional, decide to allocate between 2% and 5% of their portfolios to the first cryptocurrency, its value could reach the $ 700,000 mark, said Larry Fink, CEO of Blackrock.
The CEO of Goldman Sachs, David Solomon, said that Bitcoin does not threaten the status of the dollar as a reserve currency, remaining a speculative asset. From a regulatory point of view, he said, the bank still cannot own and carry out transactions on the first cryptocurrency.
Negotiating XRP and Sol UND -term contracts could start on February 10 if it is approved by regulators. This information appeared on a subdomain in the CME group platform. A scholarship spokesperson said that the beta version of the website was in the public domain “by mistake” and that no decision had yet been made with regard to the launch of contracts.
Investment company Bitwise has filed a registration of registration of the ETF based on DOGECOIN (DOGE) to the Division of Companies of the State Department of Delaware (United States). Decrypt notes that asset managers generally record legal entities with the State before submitting formal requests to the SEC.
Gerald Connolly, a member of the House of Representatives of the United States, asked for an investigation into possible conflicts of interest related to the cryptocurrency of Donald Trump. According to him, this potentially violates ethical standards and creates risks to national security.
