{"id":12530,"date":"2023-01-07T23:15:00","date_gmt":"2023-01-07T20:15:00","guid":{"rendered":"https:\/\/alfacash.blog\/?p=12530"},"modified":"2024-02-19T21:50:00","modified_gmt":"2024-02-19T18:50:00","slug":"%eb%b9%84%ed%8a%b8%ec%bd%94%ec%9d%b8-%ea%b0%95%ec%84%b8-%ec%86%8c%ec%8b%9d-%ec%86%8d-17000%ec%9b%90%eb%8c%80-%ed%9a%8c%eb%b3%b5","status":"publish","type":"post","link":"https:\/\/alfacash.blog\/ko\/2023\/01\/07\/%eb%b9%84%ed%8a%b8%ec%bd%94%ec%9d%b8-%ea%b0%95%ec%84%b8-%ec%86%8c%ec%8b%9d-%ec%86%8d-17000%ec%9b%90%eb%8c%80-%ed%9a%8c%eb%b3%b5\/","title":{"rendered":"\uac15\uc138 \uc18c\uc2dd \uc18d\uc5d0 Bitcoin\uac00 $17K\ub85c \ub2e4\uc2dc \uc0c1\uc2b9"},"content":{"rendered":"

Last year wasn\u2019t the best for crypto, but now we\u2019re starting another with better perspectives. Bitcoin (BTC) just recovered a price of $17K per coin. That\u2019s after an increase of 3% since the beginning of 2023.<\/strong> Likewise, the total cryptocurrency market cap has increased by 3.5% in the same period [CMC]. Some good and bad updates may be ahead.<\/p>\n\n\n\n

The December edition of the ISM Report on Business<\/a> was published a few days ago, likely giving a boost to crypto. This is an important indicator of the state of the US economy. By now, one of their charts, the ISM Non-Manufacturing Index, fell to 49.6 from 56.5 before. This could imply a budding economic contraction.<\/p>\n\n\n\n

In the same vein, according to the December report<\/a> from the US Bureau of Labor Statistics (BLS), at least 223,000 jobs were added to the market, and the unemployment rate was only 3.5%. Both stats were out of previous forecasts, positively. The wage growth was also softer than anticipated, which can indicate a slowdown in inflation.<\/strong><\/p>\n\n\n\n

\"July-cryptocurrency-inflation-businessman\"<\/figure><\/div>\n\n\n\n

The investment titan BlackRock<\/a> may also have to do with the recent Bitcoin<\/a> increase to $17K. They already adopted the first cryptocurrency last year, but now they\u2019re adding it to their flagship product. So, Bitcoin is now an eligible investment for their Global Allocation Fund, worth over $15 billion.<\/p>\n\n\n\n

As the filing explains, \u201cthe Fund may invest in cash-settled bitcoin futures that are traded on commodity exchanges<\/strong> registered with the Commodity Futures Trading Commission.\u201d Let\u2019s remember that BlackRock operates in 30 countries and serves around 100 institutional clients worldwide. This adoption means more Bitcoin exposure to corporate actors<\/a>.<\/p>\n\n\n\n

Bitcoin at $17K: will be up or down next time?<\/strong><\/h2>\n\n\n\n

The Crypto Fear & Greed Index is telling us now that the market is still in \u201cExtreme Fear\u201d. Bitcoin has been less volatile lately, which could be a bad signal for the price. According to Glassnode, BTC’s one-month volatility reached an extreme low of 24.6%. Few occasions in the past saw that number or lower, and most of them preceded a fall in the price.<\/p>\n\n\n\n

\n

December was historically quiet with respect to realized market volatility.#Bitcoin<\/a> 1-month volatility reached an extreme low of just 24.6%, with lower levels only been seen on a handful of occasions, notably:
– Nov 2018
– Apr 2019
– Aug 2020

Workbench: https:\/\/t.co\/NiDF63ezdv<\/a> pic.twitter.com\/mImTXCYmij<\/a><\/p>— glassnode (@glassnode) January 7, 2023<\/a><\/blockquote>