News Formal

Q1 2023 Market Analysis: Will Bitcoin Rise Against USD and Above $32,000? | HackerNoon

  • 📰 hackernoon
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

In this article, we’ll review developments in the crypto market and macro environment and provide predictions for the next quarter. - web3 bitcoin

- Bitcoin is entering into a new consolidation phase after a strong rebound in Q1. - The overall rise of the S&P 500 covered the sluggishness of the whole market. As S&P 500 companies release their Q1 earnings, EPS predictions will be reduced. The trend of narrowing profit margins might continue till year-end.

- International capital inflows into the US will further slow down and foreign purchases may even register next decreases as countries accelerate their de-dollarization process. - Amid the revolt against the US dollar, Bitcoin may return to above $32,000 thanks to catalysts including a slowdown in inflation, mitigation of energy issues, the ceasefire in the Russia-Ukraine war, and the reverse of the M2 supply trend.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 532. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Volkswagen Has A Huge Avenue For US Market Expansion — If It Takes It - CleanTechnicaIn the first quarter of 2023, Volkswagen accounted for less than 2% of the US auto market. It doesn’t have a big presence in the US. But it could. Toyota (+11% of the market) and Honda (+7% of the market) grew to become huge players in the market. Hyundai and Kia (+5% of the market […]
Källa: cleantechnica - 🏆 565. / 51 Läs mer »