In this week’s preview, we delve into five key events that are poised to shape the Bitcoin and crypto market. From Bitcoin’s price trajectory eyeing the $38,000 mark to the anticipated speech by Federal Reserve Chairman Jerome Powell, each event holds significant potential to influence market dynamics.
#1 Bitcoin Price Eyes $38,000
Bitcoin’s momentum remains strong, closing its sixth consecutive week on the rise. The market’s bullish sentiment is largely driven by the anticipation of a Bitcoin spot ETF and the upcoming halving in mid-April. Communications between ETF filers and the US Securities and Exchange Commission (SEC) have intensified in recent weeks, hinting at an imminent Bitcoin spot ETF arrival.
In light of this, sentiment is currently extremely bullish, especially on the spot market, which is very important for sustainable price movements.
Crypto trader Daan Crypto Trades remarked, “Bitcoin [is] trading at yearly highs with a spot premium. Open Interest in BTC is
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