Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Metaplanet – European Wrap 29 January
|Bitcoin Price Forecast: BTC slides below $88,000 as Fed holds rates, geopolitical risks cap recovery
Bitcoin (BTC) price slips below $88,000 at the time of writing on Thursday, after being rejected at a key level the previous day. The price correction followed the Federal Reserve’s (Fed) decision to keep interest rates steady on Wednesday, and the Fed Chair Jerome Powell's cautious tone capped BTC’s upside. In addition, rising geopolitical tensions between the US and Iran and lingering concerns over the Fed’s independence continue to dampen risk appetite, limiting Crypto King’s recovery.
Crypto Today: Weak technicals, risk-off sentiment drag Bitcoin, Ethereum and XRP lower
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are trading under pressure at the time of writing on Thursday amid a confluence of weak market sentiment and deteriorating technical structures.
Metaplanet is raising $137 million to pay down debt and buy even more Bitcoin
Metaplanet is set to raise up to 21 billion yen ($137 million) to fuel its aggressive bitcoin buying spree and pay down debt.
The Tokyo-based firm will generate the funds through a sale of new shares and stock warrants aimed at a group of select investors.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.