Market Update - 7th Feb 2022
Price Action
* The Crypto Market saw two rallies at the beginning and end of the weekend
* Bitcoin led these rallies due to a fresh inflow
Market Analysis
Market Intelligence 12
* The Fed has confirmed a rate hike in March, which has the potential to
provide the crypto market with enough regulatory certainty to rally
* A
Market Update
Weekly Price Action
* Prices opened the week at $43.1k and traded tightly within the $41k-$43k
range
* Prices reached a weekly high of $43.
Market Intelligence 11
Bitcoin
Weekly Price Action
* Prices traded within a tight range for a third consecutive, with a weekly
gain of 0.03%
* Prices grinded slowly upwards,
Market Intelligence 10
Bitcoin
Weekly Price Action
* Price of Bitcoin opened at $47.3k this week and closed at $48.8k for a weekly
gain of approximately 3%