This week on The Market Report, the resident experts at Cointelegraph discuss Bitcoin’s (BTC) impressive January rally and whether there are any indicators that suggest it could continue in February.
We start off this week’s show with the latest news in the markets:
Best January since 2013? 5 things to know in Bitcoin this week
After sealing its highest weekly close in almost six months, BTC/USD remains over 40% up year-to-date, with the monthly close just 48 hours away — can the gains hold? Throughout, concerns have called for an imminent come-down, and even new macro BTC price lows as disbelief swept the market. That grim turnaround has yet to come to fruition, and the coming days could yet turn out to be a crucial period for Bitcoin’s long-term trend. It’s going to be a busy week for the markets as the United States Federal Reserve will decide on its next rate hike this week, with Fed Chairman Jerome Powell giving much-anticipated commentary on the economy and policy. The European Central Bank will make the same decision a day later. Add to that the psychological…