When most of the legacy stocks perform well, there is always a significant rub-off on the Dow Futures.
It is not uncommon to find mixed perceptions about the prices of Bitcoin amongst market investors and leaders.
Bitcoin price has obliterated FTX and Alameda losses after rallying more than 33 percent in the past three weeks.
The collapse of Genesis was major fueled by its deep exposure to two of the most severe bankruptcies in the digital currency ecosystem.
Tech jobs cut include Amazon dismissing 11,000 employees, Twitter lowering headcounts by 3,700, and others.
Alongside its counterpart in other developed countries, the UK BoE has been hiking interest rates as its major tool to fight headline inflation.
Leading crypto asset Bitcoin has been on the mend since the FTX bankruptcy situation and is now riding a two-month high.
Analysts expect 2023 to be a “recovery year” for Bitcoin as the next Bitcoin halving event is 435 from now.
The Bitcoin market is heavily bolstered by global adoption including several institutional ETFs and the fact that it is used as legal tender in El Salvador and the Central African Republic.
Bitcoin whales significantly contributed to the recent rally above $19K.
Indices across the European continent gained anywhere between 0.75-1% with sectors like autos, banks, retail, and telecoms taking the lead.
Economic strategists predict that the economy of Europe is in a better position to outperform its US counterpart in 2023.
Bitcoin price rally follows the growing cheer on Wall Street amid the cooling down of inflation and the expected softening stand by the Fed ahead.
More observers are growing bullish on the euro this year despite its relative slump against the US dollar in 2022.
The price of Bitcoin climbed higher on Monday raising hopes for a rally in 2023, and taking several crypto stocks along with it.