- Positive news gives confidence to investors, it helps the rate to grow
- Find out what news to watch this week
Bitcoin, like other markets, reacts to the situation in the world
This weekend, the cryptocurrency exchange rate fluctuated near the $25 0. On Saturday night it peaked at $27 315, after which he again went down. As of Monday morning, Bitcoin fell 2% to $20 30.
Source:coingecko.com
There is no concrete reason to justify BTC’s weakness both in terms of the cryptocurrency market and in terms of general investor risk appetite.
Let’s look at potentially important events that could affect the price of the main cryptocurrency this week.
201080Thursday – ECB decision
In recent weeks, the military-technical cooperation has reacted negatively to the risk of war in Ukraine and the upcoming monetary tightening by the Fed. The American regulator made it clear that there will be an increase in rates in March, which led to a decline in all markets.
In this context, it is worth following the decision of the European Central Bank, which will be held on Thursday at : 13. If their stance is tighter than expected, cryptocurrencies will be affected.
201080Thursday – Bank of England decision201920
The Bank of England is expected to raise its main interest rate from 0.% to 0.5%. This will be a response to the record inflation rate in recent 30 years. They will announce their decision on Thursday at .
Friday – US Unemployment Report
In the US, the unemployment report for January will be presented. Negative numbers could affect the mood of the Fed and the expected interest rate hike in March – and hence Bitcoin.
Stay with us to learn about all insiders and news from the world in time cryptocurrencies.
