Crypto Market Update (22nd Feb 2024)

Posted in

The crypto market is currently experiencing a mix of bullish and bearish signals. Bitcoin’s performance indicates that its not a question of if, but when it will reach a new all-time high. However, there is speculation of an impending correction which could be influenced by various factors such as historical trends before the “halving,” market overheating after a rally, reduction in ETF inflows, or correlation with traditional markets that are showing signs of a potential bubble. Significant developments include FTX creditors potentially receiving full reimbursement due to increased asset prices, and regulatory moves suggesting a bullish outlook. Nonetheless, proper risk management and a careful analysis of buying areas is crucial for investors.

Key Points

Below I have summarised the most important updates and an outlook for the market

Uh, Oh… 😧 The rest is for registered members!

Continue reading