New Year, new rally: Why bitcoin is up 26% this month after a tumultuous 2022
Publishing timestamp: 2023-01-16 15:31:19
Summary
Bitcoin has begun 2023 on a positive note, with its price up 26% since the start of January. Analysts attribute the rise to increased probability of interest rates being lowered, purchases by large buyers known as "whales", a weaker US dollar, and events further down the crypto calendar such as the halving.
Sentiment: POSITIVE
Keywords: investment strategy, economy, technology, microstrategy inc, bitcoin/usd coin metrics, business news, markets, world economy, internet, cryptocurrency, central banking,
Source: https://www.cnbc.com/2023/01/16/why-is-bitcoin-btc-rallying-in-january.html