Bitcoin aims for $25K as institutional demand increases and economic data soothes investor fears By Cointelegraph
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© Reuters (BTC) price broke above $22,500 on Jan. 20 and has since been able to defend that level, accumulating 40.5% gains in the month of January. The move accompanied improvements in the stock market, which also rallied after China dropped COVID-19 restrictions after three years of strict pandemic controls.
E-commerce and entertainment companies lead as the year-to-date market performers. Warner Bros (WBD) added 54%, Shopify (NYSE:) rose 42%, MercadoLibre (NASDAQ:) climbed 41%, Carnival Corp (NYSE:) 35% and Paramount Global (PARA) managed a 35% gain so far. Corporate earnings continue to attract investors’ inflow and attention after oil producer Chevron (NYSE:) posted the second-largest annual profit ever recorded, at $36.5 billion.
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© Reuters (BTC) price broke above $22,500 on Jan. 20 and has since been able to defend that level, accumulating 40.5% gains in the month of January. The move accompanied improvements in the stock market, which also rallied after China dropped COVID-19 restrictions after three years of strict pandemic controls.
E-commerce and entertainment companies lead as the year-to-date market performers. Warner Bros (WBD) added 54%, Shopify (NYSE:) rose 42%, MercadoLibre (NASDAQ:) climbed 41%, Carnival Corp (NYSE:) 35% and Paramount Global (PARA) managed a 35% gain so far. Corporate earnings continue to attract investors’ inflow and attention after oil producer Chevron (NYSE:) posted the second-largest annual profit ever recorded, at $36.5 billion.
Continue Reading on Coin Telegraph
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