The big cryptocurrencies have been largely trapped in a range over the past couple of weeks, after experiencing widespread declines in January.
Bitcoin gained the most in more than three months as investors show signs of renewed risk appetite following a volatile week across financial markets.
The largest cryptocurrency by market value jumped as much as 9.4% to $40,426, the most since Oct. 15. It hasn’t been above $40,000 in more than two weeks. Ether climbed as much as 11%. Even SOL, the native currency of the Solana blockchain that has tumbled in the wake of the Wormhole project hack, surged about 10%.
You had been warned:
1. Our projection at the last post of 2021 was a dip first to 38k (finally it was 34k) and a rise to 79k (hopefully we are JUST A TINY BIT wrong again and it goes to 80k+):
3. Despite the FUD and some negative comments from some of you, we had estimated the NFP will play a role and it did. From now on: start understanding the fundamentals: