What a fabulous week for crypto! Bitcoin went up from 16K to 21 K, and several alt-coins either started the race or followed suit. While this increase is an indication that the market is not dead. It is too soon to confirm that the bull market has returned. However, a clear indication that the market has consolidated, and volume is bound to come back.
As of now, it is pivotal to stay connected with the news and understand what type of headlines can affect the market. Bankrupting exchanges, large hacks, and hikes in US Federal Reserve interest rates are among some factors that have a direct effect on how the markets behave. The shake of 2022 was real. It crashed several institutional players and with it emptying the hands of millions of retail investors. The investors that do come back will eventually "come back" more educated about self-custody and decentralized finance.
Trust is built, but a greedy market comes in waves and they do not always coincide. When the market drains, value and liquidity are low, we see the failure of so many institutions, projects, and networks that were never meant to flourish in the first place. For the next Bull Run... My best recommendation is to stick with what works, or pick your winners wisely!
For Bitcoin Price and Fear and Greed Index check out our weekly slide:https://odysee.com/@mammycrypto:c/Weekly-blockchain-news-Jan-14th-2023:0
BEST ARTICLE LINKS:
Sunday January 8th, 2023: Ferrari cuts ties with crypto sponsor ahead of 2023 Formula One season - https://cointelegraph.com/news/ferrari-cuts-ties-with-crypto-sponsor-ahead-of-2023-formula-one-season
Monday, January 9th, 2023: Apple’s Mixed-Reality Headset to Launch This Spring: Report - https://decrypt.co/118748/apple-vr-ar-reality-pro-headset-launch
Tuesday, January 10th, 2023: Coinbase Dismisses 950 People Citing Current Economic Climate - https://cryptopotato.com/coinbase-dismisses-950-people-citing-current-economic-climate/
Wednesday, January 11th, 2023: Miss Universe contestant represents El Salvador with Bitcoin-inspired costume - https://cointelegraph.com/news/miss-universe-contestant-represents-el-salvador-with-bitcoin-inspired-costume/
Thursday January 12th 2023: SEC charges Gemini and Genesis with unregistered securities offering - https://www.theblock.co/post/201805/sec-charges-gemini-and-genesis-for-unregistered-offering
Friday, January 13th, 2023: Bitcoin price rally over $21K prompts analysts to explore where BTC price might go next - https://cointelegraph.com/news/bitcoin-price-rally-to-19-5k-prompts-analysts-to-explore-where-btc-price-might-go-next
Saturday, January 14th, 2023: Enjoy your Saturday.
All my best
Michelle M
www.mammycrypto.com
Social Media links: https://cointr.ee/mammycrypto
